LA | The Louisiana Department of Insurance has issued Advisory Letter 2024-01.
The purpose of this advisory letter is to provide guidance on recent legislative changes enacted by Act Number 389 of the 2024 Regular Session of the Louisiana Legislature. These changes mandate adherence to fair practices in the insurance claims process. Act 389 broadens the definition of a fraudulent insurance act to include any false or misleading statements, estimates, invoices, bids, proposals, proofs of loss, or any other document presented to an insurer or insured that misrepresents the scope of damages or costs associated with a property insurance claim. Continue reading.