Louisiana 2024 2024 Regular Session

Louisiana House Bill HB144 Comm Sub / Analysis

                    GREEN SHEET REDIGEST
HB 144	2024 Regular Session	Glorioso
INSURERS: Prohibits issuance of property insurance policies relative to unimproved
land and replacement costs of improvements on immovable property.
DIGEST
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.
(Adds R.S. 22:1339)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Insurance to the original
bill:
1. Make a technical change.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Insurance to the engrossed
bill
1. Removes excess coverage limits for certain replacement costs and improvements.
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Prepared by Beth O'Quin.