§ 22:1483.3 — Discounts; actuarial study

Louisiana § 22:1483.3

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

§1483.3. Discounts; actuarial study
A. Subject to a sufficient appropriation by the legislature, the department shall
conduct an actuarial study to determine the range of discounts that would be actuarially
justified for a structure that meets the fortified home building standards promulgated by the
Insurance Institute for Business and Home Safety. At any time that the department does not
receive sufficient appropriation from the legislature to conduct a third-party actuarial study
required by this Section, the department may conduct an actuarial study utilizing the
department's actuarial staff.
B. If the department conducts an actuarial study, the commissioner shall produce a
report of the findings of the study. The department shall ensure that the report is made
publicly available on the website of the department or other publicly accessible platform.
The department shall also submit a copy of the report to the David R. Poynter Legislative
Research Library as required by R.S. 24:771 and 772.

Legislative History

Acts 2024, No. 533, §1, eff. June 10, 2024.