2006 Louisiana Laws - RS 22:694 — Co-insurance clauses; prohibited in certain cases
§694. Co-insurance clauses; prohibited in certain cases
No policy of fire, lightning or windstorm insurance covering property or risks in this state shall contain any clause or provisions requiring the insured to take out or maintain a larger amount of insurance than that covered by such policy or providing in any way that the insured shall be liable as a co-insurer with the insured unless such clause has been approved by the fire insurance division and there has been a consideration allowed in the rate of premium charged for such policy.
Acts 1958, No. 125. Amended by Acts 1960, No. 330, §1; Acts 1963, No. 115, §1.
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