RS 22:1485

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RS 22:1485

§1485. Homeowners' insurance; premium discounts

A. As used in this Section, the following terms shall have the following meanings:

(1)"Factory-built home" has the meaning given to that term in R.S. 9:1149.2.

(2)"Permanently structured home" means a structure with a permanent foundation that is not considered factory-built.

(3)"Security system" means a monitored security device that is wired to a local law enforcement or fire department.

B. Every insurer authorized to issue a policy of homeowners' insurance in this state who offers a policy premium discount based on the installation or existence of a security system in a permanently structured home shall provide the same or a similar premium discount for policies of homeowners' insurance covering factory-built homes.

Acts 1997, No. 185, §1; Redesignated from R.S. 22:1464.1 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2024, No. 287, §4.

NOTE: Former R.S. 22:1485 redesignated as R.S. 22:1505 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.