HB356 is a bill in the Louisiana Legislature (2025 Regular Session): INSURANCE/PROPERTY: Creates the Stated Value Homeowner's Policy Act.

What is the status of HB356?

Chaptered as of June 30, 2025. Latest action: Signed by the Governor. Becomes Act No. 480. (June 30, 2025).

Braud, Jacob (R, 105), with 11 co-sponsors.

Where is the official record for HB356?

On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=25RS&b=HB356

Louisiana legislation · 2025 Regular Session

Louisiana HB356: INSURANCE/PROPERTY: Creates the Stated Value Homeowner's Policy Act

Q: What does HB356 do?

In its own words: An act To enact Subpart D-2 of Part IV of Chapter 4 of Title 22 of the Louisiana Revised Statutes of 1950, to be comprised of R.S. 22:1346.1 through 1346.5, relative to property and casualty insurers; to create the Stated Value Homeowner's Policy Act; to require insurers to offer a stated value homeowner's policy option to consumers; to provide requirements for homeowners opting for such policies; to establish minimum policy value standards; to provide for rulemaking; to provide for enforcement, penalties, and severability; to provide for an effective date; and to provide for related matters.

Status: Chaptered, June 30, 2025

What the bill says

An act To enact Subpart D-2 of Part IV of Chapter 4 of Title 22 of the Louisiana Revised Statutes of 1950, to be comprised of R.S. 22:1346.1 through 1346.5, relative to property and casualty insurers; to create the Stated Value Homeowner's Policy Act; to require insurers to offer a stated value homeowner's policy option to consumers; to provide requirements for homeowners opting for such policies; to establish minimum policy value standards; to provide for rulemaking; to provide for enforcement, penalties, and severability; to provide for an effective date; and to provide for related matters.

From the introduced text:

AN ACT To enact Subpart D-2 of Part IV of Chapter 4 of Title 22 of the Louisiana Revised Statutes of 1950, to be comprised of R.S. 22:1346.1 through 1346.5, relative to property and casualty insurers; to create the Stated Value Homeowner's Policy Act; to require insurers to offer a stated value homeowner's policy option to consumers; to provide requirements for homeowners opting for such policies; to establish minimum policy value standards; to provide for rulemaking; to provide for enforcement, penalties, and severability; to provide for an effective date; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. Subpart D-2 of Part IV of Chapter 4 of Title 22 of the Louisiana Revised Statutes of 1950, comprised of R.S. 22:1346.1 through 1346.5, is hereby enacted to read as follows: SUBPART D-2. STATED VALUE HOMEOWNER'S POLICY ACT §1346.1. Definitions As used in this Section, the following terms have the following meanings: (1) "Homeowner" means a person who holds the title to a residential property located within the jurisdiction of this state. (2) "Property and casualty insurer" refers to any company, association, or exchange authorized and licensed by the department to transact property and casualty insurance business within the state. Page 1 of CODING: Words in struck through type are deletions from existing law; words …

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Louisiana HB356: INSURANCE/PROPERTY: Creates the Stated Value Homeowner's Policy Act

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