GREEN SHEET REDIGEST
HB 375 2024 Regular Session Mandie Landry
INSURERS: Requires disclosure of available discounts relative to homeowners' and
motor vehicle liability insurance policies.
DIGEST
Proposed law requires insurers writing homeowners' or private passenger motor vehicle
insurance policies in the state of La. to disclose, in writing of not less than 12-point font, all
discounts the insurer offers that may reduce the homeowners' or motor vehicle insurance
premium of a policyholder or prospective policyholder. Proposed law defines "discounts".
Proposed law requires insurers to electronically disclose discounts on an electronic network
or site, as described in present law (R.S. 22:2461(1)(b)), or within the written materials of
a new policy delivered to the policyholder and at each subsequent renewal.
Proposed law provides that an insurer's failure to comply with the disclosure requirement in
proposed law does not create a cause of action.
Proposed law does not apply to excess and surplus lines.
Effective May 1, 2025.
(Adds R.S. 22:881.1)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Insurance to the original
bill:
1. Specify that the disclosure requirement applies to insurers writing homeowners'
or private passenger motor vehicle insurance policies.
2. Provide that an insurer's failure to comply with the disclosure requirement does
not create an independent cause of action.
3. Make technical changes.
The House Floor Amendments to the engrossed bill:
1. Define "discounts".
2. Authorize an insurer to disclose discounts electronically or within written
materials to the policyholder. Further clarify that an insurer's failure to comply
with the disclosure requirement does not create a cause of action.
3. Provide an effective date of Jan. 1, 2025.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Insurance to the reengrossed
bill
1. Makes technical changes.
2. Provides proposed law does not apply to excess and surplus lines.
3. Changes effective date from January 1, 2025 to May 1, 2025.
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Prepared by Beth O'Quin.