House Bill No. by Representative Wyble amends existing Louisiana property and casualty insurance laws to enhance the notice requirements for the cancellation or nonrenewal of residential property insurance policies. The bill modifies the timeframe for insurers to provide written notice to policyholders, increasing the notice period from 30 days to 45 days prior to the effective date of cancellation or nonrenewal. This change applies unless the cancellation is due to nonpayment of premium. Additionally, the bill mandates that insurers include the specific cause for cancellation or nonrenewal in the notice sent to policyholders.

The bill also makes technical changes to existing statutes, ensuring consistency in the language used across various sections. It retains the current protections for policyholders while strengthening their rights by ensuring they receive adequate notice and information regarding their insurance policies. The effective date for these changes is set for January 1, 2026.

Statutes affected:
HB345 Original: 22:41(9), 22:887(A), 22:1335(A)