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0 chapters · 1,747 sections in this title.
La. Rev. Stat. § 22:1339 Homeowners' insurance; use of aerial images to inspect property
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§1339. Homeowners' insurance; use of aerial images to inspect property A. An insurer shall not solely rely upon aerial images of an insured property to identify the specific condition that serves as the insurer's basis for cancellation or nonrenewal of a policy of homeowners' ins…
La. Rev. Stat. § 22:134 Capital requirements
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§134. Capital requirements All domestic insurers qualifying to write service insurance only shall in lieu of the capital requirements of R.S. 22:81 or the minimum surplus requirements of R.S. 22:111 and 22:114, have a paid-in capital of ten thousand dollars and a minimum surplus …
La. Rev. Stat. § 22:1340 Applicant or insured disclosure requirement; group homes
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§1340. Applicant or insured disclosure requirement; group homes Upon application for a new homeowners' insurance policy or at any time for an insured that has a homeowners' insurance policy in effect, the applicant or insured shall disclose to the insurer that the property is to …
La. Rev. Stat. § 22:1340.1 Homeowners' insurance; prohibited coverage of unimproved land
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§1340.1. Homeowners' insurance; prohibited coverage of unimproved land An insurer shall not deliver, issue, or renew any homeowners' insurance policy providing coverage for loss or damage to improvements upon immovable property that includes the value of the unimproved land in th…
La. Rev. Stat. § 22:1341 Definitions
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§1341. Definitions For purposes of this Subpart, the following definitions apply: (1) "Flood" means a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties, at least one of which is the policy…
La. Rev. Stat. § 22:1342 Applicability
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§1342. Applicability A. Notwithstanding any provision of law to the contrary, this Subpart shall govern the regulation of any insurance policy, contract, or endorsement providing residential flood coverage on any structure or the contents of personal property contained therein. B…
La. Rev. Stat. § 22:1343 Residential flood coverage; notices; plan of operation
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§1343. Residential flood coverage; notices; plan of operation In addition to other requirements, an insurer providing residential flood coverage shall do all of the following: (1) Notify the commissioner at least thirty days before writing residential flood policies in this state…
La. Rev. Stat. § 22:1344 Residential flood coverage; policy types
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§1344. Residential flood coverage; policy types A. In addition to excess flood insurance, insurers may issue any of the following types of residential flood coverage: (1) Standard flood insurance, which covers only losses from the peril of flood in a manner equivalent to that pro…
La. Rev. Stat. § 22:1345 Residential flood coverage; rates
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§1345. Residential flood coverage; rates For an insurer writing residential flood coverage, either of the following shall apply: (1) An insurer may establish and use residential flood coverage rates in accordance with the provisions of R.S. 22:1451 and 1454. (2) For residential f…
La. Rev. Stat. § 22:1346 Notices regarding flood coverage
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§1346. Notices regarding flood coverage A.(1) A producer shall provide written notice to be signed by the applicant before a producer places residential flood coverage with an authorized or surplus lines insurer for a property receiving flood coverage from the National Flood Insu…
La. Rev. Stat. § 22:1346.1 Definitions
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§1346.1. Definitions As used in this Section, the following terms have the following meanings: (1) "Homeowner" means a person who holds the title to a residential property located within the jurisdiction of this state. (2) "Stated value policy" means a residential insurance polic…
La. Rev. Stat. § 22:1346.2 Requirement to offer stated value policy
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§1346.2. Requirement to offer stated value policy A. Insurers offering residential property policies within this state may offer a stated value policy option to homeowners upon the request of the homeowner or his authorized agent, allowing for the insurance coverage to be based o…
La. Rev. Stat. § 22:1346.3 Homeowner requirements
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§1346.3. Homeowner requirements A. A homeowner electing a stated value policy shall submit to his insurer a written payoff statement from the financial institution or any other entity holding a mortgage on the property. This statement shall accurately reflect the outstanding bala…
La. Rev. Stat. § 22:1346.4 Minimum policy value
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§1346.4. Minimum policy value An insurer shall not issue a stated value policy for a sum less than the verified outstanding balance of any mortgage on the homeowner's property, ensuring that the insurance coverage adequately reflects the financial obligations associated with the …
La. Rev. Stat. § 22:1346.5 Dissemination of information on risks associated with stated value policies;
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§1346.5. Dissemination of information on risks associated with stated value policies; commissioner A. To promote consumer awareness within the insurance marketplace, the commissioner shall provide clear, understandable, and accessible informational materials to consumers regardin…
La. Rev. Stat. § 22:1346.6 Enforcement and regulation; penalties; severability
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§1346.6. Enforcement and regulation; penalties; severability A. The department shall enforce the provisions of this Subpart and may adopt, amend, and repeal administrative rules in accordance with the Administrative Procedure Act for the implementation and enforcement of this Sub…
La. Rev. Stat. § 22:135 Incorporation of service insurers prohibited
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§135. Incorporation of service insurers prohibited No domestic service insurance company may be organized and no alien or foreign service insurer may be qualified by this Subpart to do business in this state after twelve o'clock noon of August 1, 1964. Added by Acts 1964, No. 151…
La. Rev. Stat. § 22:1351 Applicability
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§1351. Applicability A. This Subpart shall apply to travel insurance where policies or certificates are delivered or issued for delivery in this state. B. This Subpart shall not apply to cancellation fee waivers and travel assistance services, except as expressly provided herein.…
La. Rev. Stat. § 22:1352 Definitions
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§1352. Definitions As used in this Subpart, the following definitions apply: (1) "Aggregator site" means a website that provides access to information regarding insurance products from more than one insurer, including product and insurer information, for use in comparison shoppin…
La. Rev. Stat. § 22:1353 Deposits, assessments, fees, and taxes
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§1353. Deposits, assessments, fees, and taxes A. A travel insurer shall be subject to the provisions of Chapter 3 of this Title, R.S. 22:791 et seq. B. A travel insurer shall pay premium tax, as provided in R.S. 22:837 and 838, on travel insurance premiums paid by any one of the …
La. Rev. Stat. § 22:1354 Travel protection plans
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§1354. Travel protection plans Travel protection plans may be offered for one price for the combined features that the travel protection plan offers in this state if all of the following are met: (1) There is no finding by the commissioner, pursuant to R.S. 22:1453, that the trav…
La. Rev. Stat. § 22:1355 Sales practices
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§1355. Sales practices A. All persons involved in offering, soliciting, or negotiating travel insurance to residents of this state shall be subject to the unfair trade practices provisions of Chapter 7 of this Title, R.S. 22:1901 et seq., except as otherwise provided in this Sect…
La. Rev. Stat. § 22:1356 Travel administrators
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§1356. Travel administrators Notwithstanding any other provisions of this Title, no person shall act or represent himself as a travel administrator in this state unless that person meets one of the following conditions: (1) Is a licensed producer for property and casualty insuran…
La. Rev. Stat. § 22:1357 Policy
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§1357. Policy A. Notwithstanding any other provision of this Title, travel insurance shall be classified and filed for purposes of rates and forms as a marine and transportation line of insurance as defined in R.S. 22:47. B. Travel insurance may be provided by an individual or gr…
La. Rev. Stat. § 22:1358 Regulations
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§1358. Regulations The commissioner may, in accordance with the Administrative Procedure Act, R.S. 49:950 et seq., promulgate rules and regulations as he deems necessary to enforce the provisions of this Subpart. Acts 2017, No. 225, §1, eff. Jan. 1, 2018. §1358. Redesignated as R…
La. Rev. Stat. § 22:1371 Definitions
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§1371. Definitions A. If a pet insurer uses any of the terms defined in this Section in a policy of pet insurance, the pet insurer shall use the definitions of those terms as provided in this Section and include the definitions in Subsection C of this Section in the policy. The p…
La. Rev. Stat. § 22:1372 Disclosures
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§1372. Disclosures A. A pet insurer transacting pet insurance shall make all of the following disclosures to consumers: (1) Whether the policy excludes coverage due to any of the following: (a) A preexisting condition. (b) A hereditary disorder. (c) A congenital anomaly or disord…
La. Rev. Stat. § 22:1373 Policy conditions
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§1373. Policy conditions A. A pet insurer may issue policies that exclude coverage based on one or more preexisting conditions if appropriate disclosures are provided to the policyholder. The pet insurer has the burden of proving that a preexisting condition exclusion applies to …
La. Rev. Stat. § 22:1374 Sales practices
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§1374. Sales practices A. Pet insurers and producers shall not market a wellness program as pet insurance. B. If a wellness program is sold by a pet insurer or producer, all of the following apply: (1) The purchase of the wellness program shall not be a requirement for the purcha…
La. Rev. Stat. § 22:1375 Producer training
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§1375. Producer training A. An insurance producer shall not sell, solicit, or negotiate a pet insurance product until the producer is licensed in a major line of authority and has completed the required training identified in Subsection C of this Section. B. An insurer shall ensu…
La. Rev. Stat. § 22:14 Violations reported by employees; retaliation by insurer prohibited
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§14. Violations reported by employees; retaliation by insurer prohibited A. Any insurer transacting business in this state is prohibited from penalizing any of its employees for reporting to the commissioner of insurance or other appropriate authorities, in good faith, a suspecte…
La. Rev. Stat. § 22:141 Industrial insurance defined
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§141. Industrial insurance defined Industrial life insurance is hereby defined and shall be construed to be that insurance which is issued by: (1) a domestic life insurance company, qualified as an industrial insurer; or (2) a life insurer, domestic or foreign, whose policies pro…
La. Rev. Stat. § 22:142 Limitations
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§142. Limitations A. No domestic industrial insurer whose capital, surplus, and deposit or whose minimum initial surplus and deposit is less than that required by R.S. 22:81 or 111 shall issue any policy or contract, or combination of policies or contracts, on a single life, in e…
La. Rev. Stat. § 22:143 Funeral described; benefits payable
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§143. Funeral described; benefits payable A.(1) Every funeral policy shall state the dollar value of the funeral to be furnished and shall specify therein those benefits which shall constitute the funeral to be furnished. If upon the death of the insured, the dollar value of the …
La. Rev. Stat. § 22:1430.1 Short title
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§1430.1. Short title This Subpart shall be known and may be cited as the "Insurance Regulatory Sandbox Act". Acts 2024, No. 229, §1, eff. May 23, 2024.
La. Rev. Stat. § 22:1430.2 Regulatory sandbox and innovation waivers; application requirements; fees;
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§1430.2. Regulatory sandbox and innovation waivers; application requirements; fees; disclosures; prohibitions; rules; extensions A. The commissioner may grant a variance or waiver with respect to the specific requirements of any insurance law, regulation, directive, or bulletin i…
La. Rev. Stat. § 22:1430.3 Reciprocity
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§1430.3. Reciprocity The commissioner may enter into agreements with other states that have enacted laws substantially similar to this Subpart in order to advance the purposes of this Subpart and to facilitate the consideration of applications for innovation waivers from persons …
La. Rev. Stat. § 22:1430.4 Effectiveness of Subpart
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§1430.4. Effectiveness of Subpart This Subpart shall terminate on June 30, 2032. Acts 2024, No. 229, §1, eff. May 23, 2024.
La. Rev. Stat. § 22:1431 Portable electronics insurance policies
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§1431. Portable electronics insurance policies A. Portable electronics insurance as defined in R.S. 22:1781.1 may be offered on a month-to-month or other periodic basis as a group or master commercial insurance policy issued to a vendor, as defined in R.S. 22:1781.1 of portable e…
La. Rev. Stat. § 22:144 Capital requirements
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§144. Capital requirements All domestic insurers organized after 12:00 noon on July 27, 1960, qualifying to write industrial life insurance only, shall, in lieu of the capital requirements of R.S. 22:81, or the minimum surplus requirements of R.S. 22:111 and 22:114, have a paid-i…
La. Rev. Stat. § 22:1441 Failure to timely satisfy claim under criminal bond contract
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§1441. Failure to timely satisfy claim under criminal bond contract A. A prosecuting attorney may file with the office of the commissioner of insurance a rule to show cause if all the following are true: (1) A defendant failed to appear after January 1, 2017, and a judgment of bo…
La. Rev. Stat. § 22:1443 Premium on criminal bail bond
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§1443. Premium on criminal bail bond A. The premium rate set for commercial surety underwriters writing criminal bail bonds in the various courts throughout the state of Louisiana shall not be subject to the rates set by the insurance commissioner, but shall be set and adjusted b…
La. Rev. Stat. § 22:1451 Systems for ratemaking
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§1451. Systems for ratemaking A. The provisions of this Subpart apply to all lines of property and casualty insurance. B. Except as provided for in Subsection C of this Section, every authorized insurer shall file with the commissioner all rates, supplementary rate information, a…
La. Rev. Stat. § 22:1452 Purpose of rate regulation; construction; definitions
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§1452. Purpose of rate regulation; construction; definitions A. The purpose of this Subpart is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate, or unfairly discriminatory and to authorize and regulate cooperative…
La. Rev. Stat. § 22:1454 Rating standards and methods
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§1454. Rating standards and methods A. Rates shall not be excessive, inadequate, or unfairly discriminatory. Risks may be classified using any criteria except that no risk shall be classified on the basis of race, color, creed, or national origin. B. In determining whether rates …
La. Rev. Stat. § 22:1456 Scope of rate regulation
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§1456. Scope of rate regulation A. This Subpart applies to fire, marine and transportation, title insurance, and casualty insurance risks or operations in this state. B.(1) For the purpose of this Subpart, fire insurance includes insurance coverage as defined in R.S. 22:47(10), (…
La. Rev. Stat. § 22:1457 Discounts; rate reductions
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§1457. Discounts; rate reductions A.(1) A rate reduction of up to ten percent shall be authorized by the commissioner, if actuarially justified, upon application of a rate filing by the carrier on motor vehicle liability and physical damage insurance where the insured and princip…
La. Rev. Stat. § 22:1458 Disclosure of financial condition for determination of rate increase
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§1458. Disclosure of financial condition for determination of rate increase The commissioner may require any insurer to furnish to him any financial information which he may request concerning the financial condition of the insurer. The commissioner may inspect records of an insu…
La. Rev. Stat. § 22:1459 Examinations and investigations; subpoena; discovery
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§1459. Examinations and investigations; subpoena; discovery While conducting any examination or investigation, under R.S. 22:1458 or otherwise as may be provided by provisions of this Subpart, the commissioner of insurance may obtain testimony or records or other materials under …
La. Rev. Stat. § 22:146 Nonforfeiture benefits
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§146. Nonforfeiture benefits A. From and after twelve o'clock noon of October 1, 1948, no policy of industrial life insurance, other than a term policy of twenty years or less, shall be issued or delivered in this state unless the same shall contain in substance the following pro…
