2011 Louisiana Laws
Revised Statutes
TITLE 22 — Insurance
RS 22:1806.4 — Required disclosurers; reimbursement insurance policy
§1806.4. Required disclosures; reimbursement insurance policy
A. Reimbursement insurance policies insuring home service contracts issued, sold, or offered for sale in this state shall state that the insurer that issued the reimbursement insurance policy shall either reimburse or pay on behalf of the provider any covered sums the provider is legally obligated to pay or, in the event of the provider's nonperformance, shall provide the service which the provider is legally obligated to perform according to the provider's contractual obligations under the service contracts issued or sold by the provider.
B. In the event covered service is not provided by the home service contract provider within sixty days of proof of loss by the service contract holder, the contract holder is entitled to apply directly to the reimbursement insurance company.
Acts 2009, No. 101, §1, eff. Jan. 1, 2010.
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