House Bill No. by Representative Jordan aims to protect homeowners from the nonrenewal of their residential insurance policies when they take timely action to mitigate risks identified by their insurer. Specifically, the bill enacts R.S. 22:1333.1, which stipulates that insurers cannot fail to renew a policy if the homeowner resolves the issues outlined in a nonrenewal notice within 90 days. Additionally, the bill prohibits insurers from increasing the insured's rate or premium upon renewal if the homeowner has mitigated the risk.

Furthermore, the bill mandates that insurers provide written notice to the insured detailing the reasons for nonrenewal. This notice can be delivered through various means, including electronic transmission or personal delivery, and the time period for nonrenewal will begin upon the date of mailing if that method is chosen. Overall, the legislation seeks to enhance consumer protection for homeowners by ensuring they have the opportunity to address concerns before their insurance policies are nonrenewed.