§ 51:452 — Contract paid with insurance policy proceeds; notice required

Louisiana § 51:452

• Jurisdiction: Louisiana
• Title 51: Trade and Commerce

Text

§452. Contract paid with insurance policy proceeds; notice required
A contract to provide goods or services that is reasonably expected to be paid wholly
or partly with the proceeds from a claim under a property insurance policy and has a contract
price of one thousand dollars or more shall contain the following notice in at least twelve-point boldfaced type: "Louisiana law requires a person insured under a property insurance
policy to pay any deductible applicable to a claim made under the policy. It is a violation of
Louisiana law for a seller of goods or services who reasonably expects to be paid wholly or
partly from the proceeds of a property insurance claim to knowingly allow the insured person
to fail to pay, or assist in the insured person's failure to pay, the applicable insurance
deductible."

Legislative History

Acts 2022, No. 734, §2.