Louisiana HB1162 requires insurers to verify contractor licenses before paying claims for immovable property repairs.

Louisiana HB1162 amends insurance claim procedures to mandate that insurers verify a contractor's license status through the Louisiana State Licensing Board for Contractors before making payments for immovable property repairs. Insurers must document their attempts to verify the license and notify the insured within five business days if verification fails. Insurers are exempt from penalties for delays if the inability to verify the license is documented and the insured is notified.

Louisiana HB1162 requires insurers to verify contractor licenses before paying claims for immovable property repairs.

Louisiana HB1162 amends insurance claim procedures to mandate that insurers verify a contractor's license status through the Louisiana State Licensing Board for Contractors before making payments for immovable property repairs. Insurers must document their attempts to verify the license and notify the insured within five business days if verification fails. Insurers are exempt from penalties for delays if the inability to verify the license is documented and the insured is notified.