Provides the Louisiana Insurance Guaranty Association and the Louisiana Citizens Property Insurance Cooperation exceptions from liability for certain property insurance claims.
Suspends the premium surcharge of at least ten percent assessed by the Louisiana Citizens Property Insurance Corporation (RE -$25,880,388 SG RV See Note)
Requires insurers to provide prior premium amounts with renewals of certain insurance policies and repeals the distinction between competitive and noncompetitive markets with respect to the regulation of insurance rates