LA| Bulletin 2025-02 from the Louisiana Commissioner of Insurance, outlines new disclosure requirements for property and casualty insurers writing homeowners’ and private passenger motor vehicle insurance policies in Louisiana. Effective May 5, 2025. These disclosures must be provided electronically or in printed materials with new policies and at each renewal, ensuring policyholders are informed about potential premium reductions.
- Insurers are required to disclose all discounts that may reduce premiums for homeowners’ and private passenger motor vehicle insurance policies, either electronically or in writing, with a minimum font size of 12 points.
- The electronic disclosures must be sent to an email address authorized by the policyholder or made accessible via a secure website with notification by email.
- Failure to comply with these disclosure requirements does not create a cause of action against the insurer, and the law excludes excess and surplus lines insurance from these requirements.