House Bill No. by Representative Jordan aims to amend life insurance policies in Louisiana by enacting R.S. 22:931.1, which addresses the denial of life insurance benefits following suicide. The bill stipulates that while life insurance policies may include a suicide exclusion provision, such exclusions cannot extend beyond two years from the policy's issuance date. Additionally, any suicide exclusion must be clearly articulated within the policy, and insurers are required to provide written notice summarizing the exclusion in plain language at the time of issuance.

Furthermore, the bill prohibits insurers from denying payment of policy proceeds for suicides that occur after the two-year exclusion period and for suicides resulting from diagnosed mental health conditions, unless explicitly stated otherwise in the policy. It emphasizes that any exclusions must be interpreted in favor of coverage, placing the burden of proof on the insurer to demonstrate the applicability of any suicide-related exclusion. The provisions of this bill do not apply to accidental death and dismemberment policies or to policies issued for the life of minors, and it is set to take effect on January 1, 2027.