ENROLLED
2023 Regular Session
HOUSE BILL NO. 309
BY REPRESENTATIVE GAROFALO
1 AN ACT
2 To amend and reenact R.S. 22:1483(A), (B), and (C)(1) and (9), relative to insurance
3 discounts and rate reductions for residential and commercial buildings; to require
4 insurers to provide premium credits or discounts under certain circumstances; to
5 provide for the scope of certain terms; and to provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 22:1483(A),(B), and (C)(1) and (9) are hereby amended and
8 reenacted to read as follows:
9 ยง1483. Premium discounts, credits, rate differentials, adjustments in deductibles,
10 and other adjustments for compliance with building codes and for damage
11 mitigation
12 A. Any insurer required to submit rates and rating plans to the commissioner
13 of insurance shall provide an actuarially justified discount, credit, rate differential,
14 adjustment in deductible, or any other adjustment to reduce the insurance premium
15 to insureds who build or retrofit a structure to comply with the requirements of the
16 State Uniform Construction Code or the fortified home or fortified commercial
17 standards created by the Insurance Institute for Business and Home Safety.
18 B. Any insurer required to submit rates and rating plans to the commissioner
19 of insurance shall provide an actuarially justified discount, credit, rate differential,
20 adjustment in deductible, or any other adjustment to reduce the insurance premium
21 to insureds who install mitigation improvements or retrofit their property utilizing
22 construction techniques demonstrated to reduce the amount of loss from a windstorm
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 309 ENROLLED
1 or hurricane. Such mitigation improvements or construction techniques shall include
2 but not be limited to roof deck attachments; secondary water barriers; roof coverings;
3 brace gable ends; construction techniques which enhance or reinforce roof strength;
4 roof-covering performance; roof-to-wall strength, wall-to-floor-to-foundation
5 strength; opening protection; and window, door, and skylight strength.
6 C.(1) After July 1, 2022, all All insurers required to submit rating plans to
7 the commissioner may, if actuarially justified, provide credits and discounts in
8 compliance with shall provide an actuarially justified discount, credit, rate
9 differential, adjustment in deductible, or any other adjustment to reduce the
10 insurance premium charged to any insured who builds or retrofits a structure to
11 comply with the requirements of the fortified home and fortified commercial
12 standards created by the Insurance Institute for Business and Home Safety. Any
13 homeowner who is currently receiving discounts pursuant to this Section may opt to
14 maintain discounts offered prior to July 1, 2022, if the homeowner continues to meet
15 the requirements to maintain such discounts, in lieu of the discount provided in this
16 Subsection.
17 * * *
18 (9) For the purposes of this Subsection, insurable property includes
19 single-family residential property, commercial property, modular homes, and
20 manufactured homes that may be retrofitted.
21 * * *
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.