On Jun. 11, 2024, LOU LEG enacted bill HB 375, as Act 611, after signed by governor.
Document dated Jun. 11, received from LOU LEG Jun. 14, summarized on Jun. 19.
On Jun. 3, LOU LEG passed bill re the disclosure of liability policies.
LOU LEG passed Bill HB 375 on homeowners and vehicle insurance discount disclosure.
Provisions enacted LOU INS 22:881.1 regarding discounts, disclosure requirements.
Policy Disclosures
Insurer that writes homeowners' or private passenger motor vehicle insurance policies will disclose all discounts the insurer offers that can reduce the insurance premiums.
Disclosures can be sent electronically, in writing, or in the policy renewal documents.
Additionally, specified that the bill provisions do not apply to excess and surplus lines.
Legislative History
On Mar. 11, 2024, bill introduced in House; on May 28, 2024, bill was passed in House.
On Apr. 15, 2024, bill delivered to Senate; on May 16, 2024, bill was passed in Senate.
On Jun. 3, 2024, bill was delivered to the governor, and is pending governor review.
Effectiveness
If approved, Act becomes effective on May 1, 2025.
Jun. 11, 2024 LOU LEG Governor Approved Bill
On Jun. 11, 2024, LOU LEG enacted bill HB 375, as Act 611, after signed by governor.
Document dated Jun. 11, received from LOU LEG Jun. 14, summarized on Jun. 19.
Regulators
LOU LEG
Entity Types
IB; Ins
Reference
Act 611, 6/11/2024; Bill HB375, 6/3/2024; Citation: LOU INS 22:881.1;
