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LA SB355
Bill
Status
2/27/2026
Primary Sponsor
Royce Duplessis
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AI Summary
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Insurers must provide at least a 20% premium discount or rate reduction to homeowners who retrofit their property through the Louisiana Fortify Homes Program, effective no later than October 1, 2027
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Insurers unable to offer the minimum 20% discount must submit an alternative proposed discount with actuarial justification to the Commissioner of Insurance for review
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The Commissioner may reject unjustified alternative discount proposals and require insurers to submit new proposals
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Aggrieved parties may request a hearing under R.S. 22:2191 et seq. to challenge the Commissioner's decisions
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Effective upon governor's signature or lapse of time for gubernatorial action
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.
3/9/2026