This bill, introduced by Senator Barrow, enacts a new provision under R.S. 22:1339 that mandates homeowners to disclose if their property is being used or will be used as a group home when applying for a new homeowner's insurance policy or at any time during the policy's term. The failure to provide this disclosure gives the insurer the right to cancel or not renew the homeowner's insurance policy, as outlined in R.S. 22:1333(B).
The legislation aims to ensure that insurers are fully informed about the use of the property, which may affect the risk assessment and coverage terms. The bill will take effect upon the governor's signature or, if vetoed, will become effective the day after legislative approval.