Louisiana 2021 Regular Session

Louisiana Senate Bill SB42 Latest Draft

Bill / Chaptered Version

                            2021 Regular Session	ENROLLED
SENATE BILL NO. 42
BY SENATOR BERNARD 
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
1	AN ACT
2 To enact R.S. 22:887(J), relative to cancellation and reinstatement by an insurer; to require
3 notice of reinstatement to be issued to interested persons; to provide for an effective
4 date; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1.  R.S. 22:887(J) is hereby enacted to read as follows:
7 ยง887. Cancellation by insurer; changes to homeowner's insurance policies
8	*          *          *
9	J. Any insurer that issues notice of cancellation on an insurance policy
10 that provides casualty coverage and later continues or reinstates that insurance
11 policy shall issue notice of reinstatement to every policyholder, insurance
12 producer, or other known person shown by the policy to have an interest in any
13 loss which may occur under the policy and who received the notice of
14 cancellation issued by the insurer.
15 Section 2. This Act shall become effective on January 1, 2022.
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:                          
ACT No. 160
Page 1 of 1
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.