This bill amends various sections of the Louisiana Revised Statutes to improve the insurance claim appraisal process by introducing new regulations for appraisers and umpires. It authorizes the commissioner of insurance to collect fees for these professionals and establishes registration policies, qualifications, and responsibilities, including prohibiting conflicts of interest. Key changes include the requirement for appraisers and umpires to register with the commissioner, a structured selection process, and a clear appraisal process that applies only when an insurer has accepted coverage for a claim but there is a dispute over the amount of loss.

Additionally, the bill mandates that residential property insurance policies contain specific language regarding the appraisal process, including the selection of appraisers and umpires, timelines, and cost division. It outlines the umpire's duties, such as maintaining impartiality and preparing written decisions, while also ensuring transparency in fee disclosures. The provisions of this Act will apply to property insurance policies issued, delivered, or renewed on or after January 1, 2025, thereby enhancing the integrity and efficiency of the appraisal process in property damage claims.

Statutes affected:
HB609 Original: 22:821(B)(34), 22:1311(F)(2), 22:1892(G)
HB609 Engrossed: 22:821(B)(34), 22:1311(F)(2), 22:1892(G)
HB609 Reengrossed: 22:821(B)(34), 22:1311(F)(2), 22:1892(G)
HB609 Enrolled: 22:821(B)(34), 22:1311(F)(2), 22:1892(G)
HB609 Act 625: 22:821(B)(34), 22:1311(F)(2), 22:1892(G)