§ 22:1482.1 — Military personnel premium discount for homeowner's insurance; rating standards

Louisiana § 22:1482.1

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

§1482.1. Military personnel premium discount for homeowner's insurance; rating standards
and methods
A. Beginning August 1, 2008, and thereafter, every homeowner's insurer authorized
to transact business in this state and offering homeowner's coverage in this state may provide
to active military personnel based in this state a discount of ten percent of the premium on
any homeowner's insurance policy purchased in this state to cover immovable property
owned by such military personnel.
B. The commissioner of insurance shall adopt rules and regulations, in accordance
with the Administrative Procedure Act, to implement the provisions of this Section. The
rules and regulations shall include and not be limited to the following:
(1) Provisions defining and delineating active military personnel who may receive
the discount.
(2) Recordkeeping requirements for the insurer.
(3) Other such provisions necessary for the proper implementation of this Section.
C. Except for the purpose of administering the military personnel premium discounts
set forth in this Section and in R.S. 22:1482, the fact that the insured is deployed in the
military for a period in excess of six months shall not be used by any insurer for the
classification of risks.

Legislative History

Acts 2008, No. 849, §1; Acts 2020, No. 49, §1.