RDCSB113 4489 2696
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
SB 113 Reengrossed 2023 Regular Session Hewitt
Present law provides that any insurer that is required to submit rates and rating plans to the
commissioner of insurance shall 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
State Uniform Construction Code or the Insurance Institute for Business and Home Safety.
Proposed law makes technical changes.
Proposed law provides that any insurer that is required to submit rates and rating plans to the
commissioner of insurance shall 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
State Uniform Construction Code or the fortified home, fortified multi-family, or fortified
commercial standards created by the Insurance Institute for Business and Home Safety.
Present law provides that any insurer required to submit rates and rating plans to the
commissioner of insurance shall provide an actuarially justified discount, credit, rate
differential, adjustment in deductible, or any other adjustment to reduce the insurance
premium to insureds who install mitigation improvements or retrofit their property utilizing
construction techniques demonstrated to reduce the amount of loss from a windstorm or
hurricane.
Proposed law retains present law and makes technical changes.
Present law provides that mitigation improvements or construction techniques shall include
but not be limited to: roof deck attachments; secondary water barriers; roof coverings; brace
gable ends; construction techniques which enhance or reinforce roof strength; roof-covering
performance; roof-to-wall strength, wall-to-floor-to-foundation strength; opening protection;
and window, door, and skylight strength.
Proposed law retains present law and makes technical changes.
Present law provides that after July 1, 2022, all insurers required to submit rating plans to
the commissioner may, if actuarially justified, provide credits and discounts in compliance
with the fortified home and fortified commercial standards created by the Insurance Institute
for Business and Home Safety.
Proposed law makes technical changes.
Proposed law removes the July 1, 2022 date.
Proposed law provides that all insurers required to submit rating plans to the commissioner
shall 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 fortified home and fortified
commercial standards created by the Insurance Institute for Business and Home Safety.
Present law provides that any homeowner who is currently receiving discounts pursuant to
present law may opt to maintain discounts offered prior to July 1, 2022, if the homeowner
continues to meet the requirements to maintain such discounts, in lieu of the discount
provided in present law.
Proposed law repeals present law.
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Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 22:1483(A), (B), and (C)(1))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Insurance to the original
bill
1. Removes option to receive mitigation or construction discounts in lieu of
receiving an actuarially discounted premium rate for an insured who built or
retrofit a structure to comply with the fortified home and fortified
commercial standards.
2. Provides the law to be called the "The State Uniform Construction Code and
the Louisiana Fortified Roof Premium Discount Act".
3. Makes technical changes.
Senate Floor Amendments to reengrossed bill
1. Makes a technical change.
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Insurance to the
reengrossed bill:
1. Make technical changes.
2. Extend the reduction of insurance premiums to individuals who comply with the
fortified multi-family standards created by the Insurance Institute for Business
and Home Safety.
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