Senate Bill No. 172, introduced by Senator Allain, aims to amend and reenact various sections of Louisiana's property insurance laws, with an effective date of August 1, 2025. The bill includes technical changes to existing provisions regarding the renewal of insurance policies, annulment of liability policies, presumption of coverage, and cancellation of automobile, property, casualty, and liability policies. Notably, it modifies language to clarify the conditions under which policies may be renewed or canceled, ensuring that insurers provide adequate notice and justification for nonrenewal or cancellation.

Key amendments include changes to the language surrounding the renewal process, specifying that an insurance policy terminating at a specified expiration date may be renewed at the insurer's option, and that insurers must provide written reasons for cancellation upon request. Additionally, the bill establishes that damages to covered property due to catastrophic events cannot be automatically denied due to the policyholder's inability to provide proof of loss within the specified time limits, extending the submission period to at least 180 days during a declared emergency. Overall, the bill seeks to enhance consumer protections in the property insurance sector while maintaining the regulatory framework established by existing law.

Statutes affected:
SB172 Original: 22:1261(A), 22:1264(A), 22:1265(A)(1), 22:1266(A), 22:1266(B)(2), 22:1267(B), 22:1267(B)(2), 22:1(A), 22:1268(A), 22:1269(A), 22:1270(A), 22:1271(A)