SSHB309 3264 4011
HOUSE SUMMARY OF SENATE AMENDMENTS
HB 309 2023 Regular Session Garofalo
INSURANCE: Provides relative to fortified home and commercial standards
Synopsis of Senate Amendments
1.Deletes "single-family" from present law to apply present law to all insurable
residential and commercial property that may be retrofitted.
Digest of Bill as Finally Passed by Senate
Present law requires any insurer mandated to submit rates and rating plans to the
commissioner of insurance to provide an actuarially justified discount, credit, rate
differential, adjustment in deductible, or any other adjustment to reduce the insurance
premium to insureds who build or retrofit a structure to comply with the requirements of the
La. State Uniform Construction Code or the Insurance Institute for Business and Home
Safety (IIBHS).
Proposed law adds the fortified home or fortified commercial standards created by the IIHBS
as standards for which structures may be built or retrofitted. Otherwise retains present law.
Present law provides that after July 1, 2022, all insurers required to submit rating plans to the
commissioner of insurance may, if actuarially justified, provide credits and discounts in
compliance with the fortified home and fortified commercial standards created by the IIHBS.
Proposed law makes technical changes and retains present law.
Present law authorizes a homeowner who is currently receiving discounts pursuant to present
law to maintain discounts offered prior to July 1, 2022, in lieu of alternative discounts
provided in present law.
Proposed law repeals present law.
Present law describes insurable property as single-family residential property, commercial
property, modular homes, and manufactured homes that may be retrofitted.
Proposed law deletes "single-family" from present law to apply present law to all insurable
residential and commercial property that may be retrofitted.
(Amends R.S. 22:1483(A), (B), and (C)(1) and (9))
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