LA HB881

Authorizes the Insurance Commissioner to approve homeowners' insurance rate filings before the standard notification periods expire

Clarifies the Commissioner's authority to verify statistical data in rate filings by requiring written documentation or inspecting insurer/rating organization records at home or branch offices

Requires insurers to include general contractor overhead and profit in claim payments for fire and extended coverage losses when use of a general contractor is reasonably foreseeable

Specifies that the general contractor overhead and profit requirement applies to both replacement cost policies and actual cash value policies

Amends R.S. 22:1451(E), 1464(A)(3), and 1892(F)(1)