Provides relative to property insurance. (8/1/26)

SB 137 Original 2026 Regular Session Allain

Present law provides for renewal of insurance policies. Proposed law retains present law and makes technical changes.

Present law provides for annulment of liability policies. Proposed law retains present law and makes technical changes.

Present law provides for presumption of coverage. Proposed law retains present law and makes technical changes.

Present law provides for property, casualty, and liability policies. Proposed law retains present law and makes technical changes.

Present law provides for cancellation of automobile, property, casualty, and liability policies. Proposed law retains present law and makes technical changes.

Present law provides for commercial insurance. Proposed law retains present law and makes technical changes.

Present law provides for named storm, hurricane, and wind and hail deductibles for commercial policies. Proposed law retains present law and makes technical changes.

Present law provides for interest on refunds due an insured. Proposed law retains present law and makes technical changes.

Present law provides for provisions regarding the insolvency or bankruptcy of an insured. Proposed law retains present law and makes technical changes.

Present law provides for personal property insurance. Proposed law retains present law and makes technical changes.

Present law provides for identification of property upon which the premium is due. Proposed law retains present law and makes technical changes.

Effective August 1, 2026.

(Amends R.S. 22:1261(A), 1262, 1264(A) and (C), 1265(A)(1) and (G), 1266(A)(intro para), (B)(2), (C), (D)(1), (E)(1)(intro para), (E)(2), (G), and (M)(1), 1267(A), (B)(intro para), (2), and (3), (D)(1), (E)(1), and (G)(1), 1267.1(A)(intro para) and (E), 1268, 1269(A), (B)(2) and (4)(b), and (C), 1270(A) and (B)(1)(intro para), and 1271)