HLS 24RS-585 ORIGINAL
2024 Regular Session
HOUSE BILL NO. 144
BY REPRESENTATIVE GLORIOSO
INSURERS: Prohibits issuance of property insurance policies relative to unimproved land
and replacement costs of improvements on immovable property
1 AN ACT
2To enact R.S. 22:1339, relative to insurers; to provide relative to insurance on immovable
3 property; to provide for prohibitions; to prohibit the value of unimproved land within
4 policy coverage limits; to prohibit excess coverage limits relative to replacement
5 costs of improvements; and to provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 22:1339 is hereby enacted to read as follows:
8 ยง1339. Homeowners insurance; prohibited coverage of unimproved land; prohibited
9 excess coverage of replacement costs
10 An insurer shall not deliver, issue, or renew any policy providing coverage
11 for loss or damage to improvements upon immovable property that includes the
12 value of the unimproved land in the coverage limits, nor knowingly deliver, issue,
13 or renew any policy providing coverage for loss or damage to improvements upon
14 immovable property with coverage limits in excess of one hundred percent of the
15 replacement cost of the improvements upon the immovable property.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 24RS-585 ORIGINAL
HB NO. 144
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)]
HB 144 Original 2024 Regular Session Glorioso
Abstract: Prohibits insurers from issuing immovable property insurance policies that cover
unimproved land and excess replacement costs of improvements.
Proposed law prohibits an insurer from delivering, issuing, or renewing any property
coverage policy for loss or damage to improvements upon immovable property that includes
the value of the unimproved land in the coverage limits. Further prohibits an insurer from
knowingly delivering, issuing, or renewing any policy providing coverage for loss or damage
to improvements upon immovable property with coverage limits exceeding 100% of the
replacement cost of the improvements upon the immovable property.
(Adds R.S. 22:1339)
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.