RS 22:1346.2
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/la/title-22/22-2640A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 22:1346.2
§1346.2. Requirement to offer stated value policy
A. Insurers offering residential property policies within this state may offer a stated value policy option to homeowners upon the request of the homeowner or his authorized agent, allowing for the insurance coverage to be based on a stated value of the residential property as declared by the homeowner or authorized agent, rather than solely on the market value of the property.
B. Any insurer that offers a stated value policy option to homeowners as provided in Subsection A of this Section shall prominently disclose stated value policy offerings in all insurance policy proposals, agreements, and renewal documents provided to consumers.
Acts 2025, No. 480, §1, eff. June 30, 2025.