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LA SB222
Bill
Status
4/4/2025
Primary Sponsor
Royce Duplessis
Click for details
AI Summary
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Insurers must provide a 20% to 30% premium discount or rate reduction for properties built to resist hurricanes, tornadoes, or other catastrophic windstorm events by October 1, 2026
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Applies to both new residential and commercial insurable properties located in any Louisiana parish
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Insurers may also offer additional adjustments including deductible modifications and credit rate differentials
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Amends the existing Louisiana Fortify Homes Program, which currently provides financial grants to retrofit roofs to meet Insurance Institute for Business and Home Safety fortified standards
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Effective upon signature by the governor
Legislative Description
Requires insurers to provide a minimum twenty percent discount to insureds participating in the Louisiana Fortify Homes Program. (gov sig)
INSURERS
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Insurance.
4/14/2025