House Bill No. 150, introduced by Representative Bourriaque, authorizes the governing authority of Cameron Parish to create a local insurance program aimed at assisting homeowners with the costs of homeowners' and flood insurance. The bill enacts Chapter 18 of Title 33 of the Louisiana Revised Statutes, specifically R.S. 33:7151, which outlines the establishment of this program through an ordinance. The ordinance must detail the administration and management of the program, as well as set eligibility criteria for homeowners seeking assistance.

Additionally, the bill allows the parish governing authority to create a local insurance fund to finance the program, with provisions for appropriating local funds and accepting voluntary contributions and grants. The program can be modified or repealed as specified in the establishing ordinance, and if it is discontinued, all remaining funds will be transferred to the general fund of Cameron Parish.