This bill amends various sections of Louisiana's property and casualty insurance laws, specifically focusing on the nonrenewal and cancellation of residential property insurance policies. Key changes include extending the required written notice period for cancellation or nonrenewal from thirty days to sixty days, unless the cancellation is due to nonpayment of premiums. Additionally, insurers are now required to include the reason for cancellation or nonrenewal in the notice sent to policyholders. The bill also makes technical changes to ensure consistency in terminology, such as changing "homeowner's" to "homeowners" and "effected" to "affected."

The amendments apply to several sections of the law, including R.S. 22:41, 887, 1266, 1267, and 1335, which govern the rights of policyholders and the obligations of insurers. The bill aims to enhance consumer protection by ensuring that policyholders receive adequate notice and clear communication regarding their insurance policies. The effective date for these changes is set for July 1, 2026.

Statutes affected:
HB345 Original: 22:41(9), 22:887(A), 22:1335(A)
HB345 Engrossed: 22:41(9), 22:887(A), 22:1266(A)(5), 22:1267(C)(2), 22:1335(A)
HB345 Enrolled: 22:41(9), 22:887(A), 22:1266(A)(5), 22:1267(C)(2), 22:1335(A)
HB345 Act : 22:41(9), 22:887(A), 22:1266(A)(5), 22:1267(C)(2), 22:1335(A)