Provides the Louisiana Insurance Guaranty Association and the Louisiana Citizens Property Corporation shall not be liable for certain property damage insurance claims. (8/1/23)
Provides the Louisiana Citizens Property Insurance Corporation shall not be liable for any special damages awarded for any property damage insurance claim. (8/1/23)
Provides relative to the Louisiana Insurance Guaranty Association (EN SEE FISC NOTE GF RV See Note)
Requires each insurer subject to the Louisiana Insurance Guaranty Association Law to provide for a data transfer plan and file such plan with the commissioner of insurance
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)
Suspends the premium surcharge of at least ten percent assessed by the Louisiana Citizens Property Insurance Corporation for policies issued in parishes affected by the 2020 and 2021 hurricanes
Urges the commissioner of insurance to create the Hurricane Mitigation Commission to study and report findings and recommendations relative to the handling of property insurance claims in the wake of hurricanes and the necessity of a catastrophe savings account.
Requires the insurer to provide upon written request of the insured claim file for certain records in connection with an unsettled property insurance claim. (8/1/23)
Provides relative to insurance adjusters and property inspections
Requires certain financial documents related to the Louisiana Timber and Agriculture Transportation Group Self-Insurance Funds. (gov sig)