HB825

Louisiana HB825 removes the requirement for the commissioner to distribute informational materials to homeowners about stated value policies.

Louisiana HB825 amends the Stated Value Homeowner's Policy Act by removing the requirement for the commissioner of insurance to distribute informational materials to homeowners about the risks associated with stated value policies. Instead, the commissioner must establish a dedicated section on the department's website for consumers to access these materials. The bill also removes the mandate for distributing these materials at least once every two years through direct mail, email, or other means.