2006 Louisiana Laws - RS 22:696 — Delivery of fire insurance contract providing coverage for damage to property; disclosure of coverage; coverage for damages due to flood

§696.  Delivery of fire insurance contract providing coverage for damage to property; disclosure of coverage; coverage for damages due to flood

In addition to any other requirement contained in law, the following provisions shall govern the issuance of certain fire insurance policies issued or delivered in this state which provide coverage for damage to property in this state:

No fire insurance policy which provides coverage for damage to property shall be delivered or issued for delivery in this state with respect to any commercial property unless the insurer advises the insured in writing, prominently displayed on a form developed and promulgated by the commissioner of insurance, as an insert in the front of the policy as to which coverages are included in the policy for which the insured has paid premiums.  The insurer shall disclose whether or not the insured has coverage for flooding or mold and whether an increased deductible is required for hurricane damage.  The typed print of the disclosure shall be in bold and not less than a 14 point font.  The disclosure shall also state that flood insurance is available through the National Flood Insurance Program and that excess flood insurance may be available by a separate policy.

Acts 2005, 1st Ex. Sess., No. 38, §1, eff. Dec. 6, 2005; Acts 2006, 1^st Ex. Sess., No. 42, §1.