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LouisianaHB 8252026 Regular SessionHouseWALLET

INSURANCE: Provides relative to the Stated Value Homeowner's Policy Act

Sponsored By: Jacob Braud (Republican)

Signed by Governor

Insurance

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 1 costs, 2 mixed.

Homeowners gain coverage choices with risks

Louisiana insurers can offer stated-value home insurance when you or your authorized agent requests it. You and the insurer agree on coverage that does not have to equal the cost to rebuild. Before issuing the policy, the insurer must get a statement signed by the insured homeowners. It must include a bold warning in at least 18-point type explaining coverage below rebuilding cost. The warning explains that a total loss or repairs exceeding coverage can cause major losses, including some or all home equity.

Fewer insurance notices reach homeowners

Insurers no longer must prominently disclose stated-value policy options in policy proposals, agreements, or renewal papers. The insurance commissioner no longer must send homeowners information about these policies at least once every two years. That requirement covered direct mail, email, or other delivery methods. The information remains available in a dedicated section of the Louisiana Insurance Department's website.

Home debt sets coverage and paperwork rules

If you choose stated-value insurance and your property has a mortgage or lien, you must submit written payoff statements. Each mortgage or lien holder must provide a statement showing the outstanding balance or describing the mortgage or lien. You must submit these statements when applying or renewing. Insurers cannot issue coverage below the verified total balance of all mortgages and liens on your property. This minimum does not guarantee enough coverage to rebuild.

Sponsors & Cosponsors

Sponsor

  • Jacob Braud

    Republican • House

Cosponsors

  • Mandie Landry

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 239 • No: 0

House vote • 5/13/2026

Read by title, roll called, yeas 95, nays 0, Senate amendments concurred in.

Yes: 95 • No: 0

Senate vote • 5/11/2026

Senate floor amendments read and adopted. Read by title, passed by a vote of 35 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

Yes: 35 • No: 0

House vote • 3/30/2026

Read third time by title, roll called on final passage, yeas 98, nays 0. Finally passed, title adopted, ordered to the Senate.

Yes: 98 • No: 0

House vote • 3/24/2026

Reported with amendments

Yes: 11 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 319.

    5/22/2026House

  2. Effective date: 05/22/2026.

    5/22/2026House

  3. Sent to the Governor for executive approval.

    5/19/2026House

  4. Enrolled and signed by the Speaker of the House.

    5/18/2026House

  5. Signed by the President of the Senate.

    5/18/2026Senate

  6. Read by title, roll called, yeas 95, nays 0, Senate amendments concurred in.

    5/13/2026House

  7. Received from the Senate with amendments.

    5/12/2026House

  8. Scheduled for concurrence on 05/13/2026.

    5/12/2026House

  9. Senate floor amendments read and adopted. Read by title, passed by a vote of 35 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

    5/11/2026Senate

  10. Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.

    4/28/2026Senate

  11. Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.

    4/27/2026Senate

  12. Reported with amendments.

    4/22/2026Senate

  13. Read second time by title and referred to the Committee on Insurance.

    3/31/2026Senate

  14. Read third time by title, roll called on final passage, yeas 98, nays 0. Finally passed, title adopted, ordered to the Senate.

    3/30/2026House

  15. Received in the Senate. Rules suspended. Read first time by title and placed on the Calendar for a second reading.

    3/30/2026Senate

  16. Scheduled for floor debate on 03/30/2026.

    3/26/2026House

  17. Read by title, amended, ordered engrossed, passed to 3rd reading.

    3/25/2026House

  18. Reported with amendments (11-0).

    3/24/2026House

  19. Read by title, under the rules, referred to the Committee on Insurance.

    3/9/2026House

  20. Prefiled.

    2/27/2026House

  21. Under the rules, provisionally referred to the Committee on Insurance.

    2/27/2026House

  22. First appeared in the Interim Calendar on 2/27/2026.

    2/27/2026House

Bill Text

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