The bill amends R.S. 37:2159.1(7)(a) to enhance regulations surrounding home improvement contracting, specifically in relation to property insurance claims. It prohibits contractors from accepting assignments of any rights, benefits, proceeds, or causes of action from an insured under a property insurance policy until the work described in the home improvement contract is completed and the property insurer has conducted its initial examination of the damage.

Additionally, the bill introduces new requirements that stipulate the assignment of rights must be limited to the scope of work and fees outlined in the home improvement contract. Importantly, it mandates that the insured must provide written approval before any payment is made to the contractor by the property insurer based on the assignment of rights. This aims to protect insured individuals and ensure transparency in the contracting process.

Statutes affected:
SB190 Original: 37:1(A)(7)
SB190 Engrossed: 37:1(A)(7)
SB190 Reengrossed: 37:1(7)
SB190 Enrolled: 37:1(7)
SB190 Act 104: 37:1(7)