2011 Louisiana Laws
Revised Statutes
TITLE 22 — Insurance
RS 22:1482.1 — Military personnel premium discount for homeowner's insurance
§1482.1. Military personnel premium discount for homeowner's insurance
A. Beginning August 1, 2008, and thereafter, every homeowner's insurer authorized to transact business in this state and offering homeowner's coverage in this state may provide to active military personnel based in this state a discount of ten percent of the premium on any homeowner's insurance policy purchased in this state to cover immovable property owned by such military personnel.
B. The commissioner of insurance shall adopt rules and regulations, in accordance with the Administrative Procedure Act, to implement the provisions of this Section. The rules and regulations shall include and not be limited to the following:
(1) Provisions defining and delineating active military personnel who may receive the discount.
(2) Recordkeeping requirements for the insurer.
(3) Other such provisions necessary for the proper implementation of this Section.
Acts 2008, No. 849, §1.
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