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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2014 ENROLLED
SENATE BILL NO. 135
BY SENATOR LONG
AN ACT1
To amend and reenact R.S. 22:1806.3(A)(3) and to enact R.S. 22:1806.3(A)(4) and (5),2
relative to home service contracts; to provide with respect to requirements for doing3
business; to require solvency; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 22:1806.3(A)(3) is hereby amended and reenacted and R.S.6
22:1806.3(A)(4) and (5) are hereby enacted to read as follows:7
ยง1806.3. Requirements for doing business8
A. Home service contracts shall not be issued, sold, or offered for sale in this9
state unless the provider has done each of the following:10
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(3) Provided a financial statement annually to the commissioner showing12
that the provider is solvent.13
(4) Provided to the commissioner by March 1, 2016, a report14
documenting for calendar year 2015 the number of home service contracts15
issued or sold with respect to residential property; the gross consideration16
received thereon; the number and dollar amount of claims paid, categorically17
by the cost of repair or by the cost of replacement; and the number of claims18
denied for failure of the service contract holder to receive prior approval for19
such repair or replacement.20
ACT No. 855 SB NO. 135 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
(5) Complied with the provisions of this Part.1
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PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: