La. Rev. Stat. § 22:1346.2
Requirement to offer stated value policy
Louisiana · Louisiana Revised Statutes Title 22 — Insurance · Status: effective
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- Citation
- La. Rev. Stat. § 22:1346.2, Requirement to offer stated value policy, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2705035
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Full text
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.