§ 22:1807.16 — Appraiser obligations

Louisiana § 22:1807.16

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

§1807.16. Appraiser obligations
A. An appraiser shall disclose to the parties any potential conflicts of interest,
provided for in R.S. 22:1807.14, no later than five days after hiring by a party and before
beginning work on an appraisal.
B. After accepting responsibility for an appraisal, the appraiser shall not withdraw
or abandon the appraisal unless compelled to do so by unforeseen circumstances that would
render it impossible or impracticable to continue.
C. An appraiser shall postpone an appraisal for a reasonable amount of time if a party
shows reasonable cause for a postponement.
D. An appraiser has a duty to do all of the following:
(1) Consider all information provided by the parties and any other reasonably
available evidence material to the claim.
(2) Carefully decide all issues submitted for determination regarding the amount of
loss.
(3) Give the parties and the other appraiser an itemized written appraisal.
(4) Conduct the appraisal process to advance the fair and efficient resolution of the
matters submitted for decision.
E. An appraiser shall not do any of the following:
(1) Permit outside pressure to affect an appraisal.
(2) Delegate the duty to decide to any other person.
(3) Communicate with an umpire without including the other party or the other
party's appraiser, except as permitted in R.S. 22:1807.22.
(4) Charge the parties on a contingent fee basis, percentage of the decision, barter
arrangement, gift, favor, or in-kind exchange.
(5) Charge a fee for services if the appraiser withdraws or abandons the appraisal.

Legislative History

Acts 2024, No. 625, §1.