Louisiana § 22:1346.2 Requirement to offer stated value policy

Louisiana Statutes

§ 22:1346.2 — Requirement to offer stated value policy

Louisiana § 22:1346.2

Title 22Insurance

This text of Louisiana § 22:1346.2 (Requirement to offer stated value policy) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 22:1346.2 (2026).

Text

§1346.2. Requirement to offer stated value policy

A.Insurers offering residential property policies within this state may offer a stated value policy option to homeowners upon the request of the homeowner or his authorized agent, allowing for the insurance coverage to be based on a stated value of the residential property as declared by the homeowner or authorized agent, rather than solely on the market value of the property.

B.Any insurer that offers a stated value policy option to homeowners as provided in Subsection A of this Section shall prominently disclose stated value policy offerings in all insurance policy proposals, agreements, and renewal documents provided to consumers.

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§1346.2. Requirement to offer stated value policy
A. Insurers offering residential property policies within this state may offer a stated
value policy option to homeowners upon the request of the homeowner or his authorized
agent, allowing for the insurance coverage to be based on a stated value of the residential
property as declared by the homeowner or authorized agent, rather than solely on the market
value of the property.
B. Any insurer that offers a stated value policy option to homeowners as provided
in Subsection A of this Section shall prominently disclose stated value policy offerings in all
insurance policy proposals, agreements, and renewal documents provided to consumers.