House Bill No. [insert number] aims to amend and reenact several 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 premium. The bill also mandates that insurers include the reason for cancellation or nonrenewal in the notice sent to policyholders. Other technical changes are made throughout the bill to ensure clarity and consistency in the language used.

In addition to the notice period changes, the bill updates definitions and requirements related to insurance policy renewals and cancellations. For instance, it specifies that any notice of cancellation must be delivered or mailed to the insured at least sixty days prior to the effective date, and it clarifies that certain provisions regarding nonpayment of premiums will still apply. The bill is set to take effect on July 1, 2026, and aims to enhance consumer protections for policyholders in Louisiana.

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)