RÉSUMÉ DIGEST
ACT 175 (SB 345) 2024 Regular Session Barrow
Existing law requires an insurer of a homeowners' insurance policy provide a written notice
of cancellation or nonrenewal that is mailed or delivered to its named insured 30 days before
the expiration date of the named insured's homeowners' policy.
New law retains existing law but provides a grace period of up to 60 days for a surviving
spouse to pay the semi-annual or annual premium payment due if the surviving spouse
complies with both of the following:
(1) Provides a copy of the deceased death certificate that includes the date he died and
the date of his death is within 60 days following the original insurance premium due
date.
(2) Specifies the length of days for the grace period that is not longer than 60 days
following the original due date for a semi-annual or annual insurance premium
payment.
New law provides at the end of the grace period all sums originally owed becomes due and
payable.
New law provides the grace period does not apply when premiums are paid through an
escrow arrangement with a lending institution or financial intermediary.
New law provides this grace period does not create a private right of action by the insured
except the commissioner is authorized to consider the failure of the insurer to grant a
properly documented timely request as a violation of existing law.
New law authorizes the commissioner to promulgate and adopt rules in accordance with the
Administrative Procedure Act.
Effective January 1, 2025.
(Adds R.S. 22:1335(C)-(H))