RS 22:1807.13

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RS 22:1807.13

§1807.13. Appraisal process

A. Upon a demand for appraisal, the insurer and the claimant shall each select an appraiser who is independent and qualified pursuant to R.S. 22:1807.14.

B.(1) If the appraisers are unable to agree on the amount of loss, they shall select an umpire who is independent and qualified pursuant to R.S. 22:1807.17.

(2)If the appraisers are unable to agree on an umpire, either appraiser may submit a request to the judge to select an umpire, which shall include all of the following:

(a)The type of policy.

(b)A description of the claim and, if known, the claimed value of the loss.

(c)The insurer's itemized estimate and a statement of payments made to date.

(d)Any other information that the judge requests.

C. The selected umpire shall participate in the resolution of the dispute if the appraisers fail to reach agreement and instruct the umpire in writing to begin work, or if the period for the appraisers to complete their work provided under applicable law has expired, then either appraiser may instruct the umpire to begin work.

D. An itemized decision agreed to by both appraisers or by one appraiser and the umpire shall set the amount of loss that the insurer will pay for the claim subject to applicable policy terms, limits, deductibles, and conditions. The umpire may enter into an itemized decision with either or both appraisers on a compromise basis. The umpire may issue an itemized decision if there is agreement on the amount of the loss, even if there is disagreement as to some of the individual items.

Acts 2024, No. 625, §1.