RÉSUMÉ DIGEST
ACT 104 (SB 190) 2023 Regular Session Smith
Existing law provides that a home improvement contractor is prohibited from accepting any
assignment of any rights, benefits, proceeds, or causes of action of an insured under a
property insurance policy prior to completing the work. Existing law provides that the
assignment of any right, benefits, proceeds, or causes of action shall be limited to the scope
of work and fees provided in the contract.
New law retains existing law and provides that the insured shall approve of the payments in
writing that are made by the property insurer to the home improvement contractor pursuant
to an assignment of any rights, benefits, proceeds, or causes of action.
Effective August 1, 2023.
(Amends R.S. 37:2159.1(7)(a))