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LA SB137
Bill
Status
Introduced
2/24/2026
Primary Sponsor
Robert Allain
Click for details
AI Summary
- Amends multiple sections of Louisiana Revised Statutes (R.S. 22:1261-1271) governing property, casualty, liability, automobile, and commercial insurance policies
- Makes technical and stylistic changes throughout, replacing phrases like "shall not" with "does not," "such" with "the," and updating grammatical constructions without altering substantive legal requirements
- Retains existing consumer protections including 60-day notice requirements for policy cancellations and nonrenewals, 180-day minimum for proof of loss submission after catastrophic events, and prohibition on multiple deductibles for single-incident losses
- Maintains requirements for insurers to provide written reasons for cancellation upon request, notify policyholders of eligibility for assigned risk plans, and pay 1.5% monthly interest on refunds not issued within 30 days
- Effective August 1, 2026
Legislative Description
Provides relative to property insurance. (8/1/26)
PROPERTY INSURANCE
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Insurance.
3/9/2026
Committee Referrals
Insurance2/24/2026
Full Bill Text
No bill text available