Louisiana has enacted Senate Bill 61 and House Bill 356. Please see the summaries of both bills below.
Senate Bill 61 is adding that under certain circumstances, insurers are required to notify consumers of how they may obtain a copy of the credit information used in the underwriting or rating process. Additionally, the bill states that the commissioner will review the scoring models or other scoring processes filed with the department to ensure compliance with regulations.
Among other provisions, House Bill 356 states that insurers offering residential property policies may offer a stated value policy option at the insured's request that allows the insurance coverage to be based on the stated value of the residential property declared by the homeowner. Additionally, the bill establishes a notice that must be contained in a statement signed by insureds before any policy is issued that limits coverage on the residential property equal to the unpaid principal balance of all mortgage loans on the policy.
Please see the links above for more information on each bill.