Rulemaking Notices

Written Comment Topic: Regulation 131 – Plan for Nonrenewal or Cancellation of Homeowners Policies in Effect and Renewed for More Than Three Years

Deadline: October 11, 2024

Time: 4:30 p.m.

Address: Claire Lemoine, Louisiana Department of Insurance, Legal Division P.O. Box 94214, Baton Rouge, LA 70804

Description of Accepted Action: The Louisiana Department of Insurance (LDI) issued a Notice of Intent to Promulgate Regulation 131, entitled “Plan for Nonrenewal or Cancellation of Homeowners Policies in Effect and Renewed for More Than Three Years.” The purpose of Regulation 131 is to implement the provisions of Act 2024, No. 9 of the Regular Session of the Louisiana Legislature, which authorizes an insurer to notify the Commissioner of a plan to nonrenew or cancel up to 5% of its insureds’ homeowners policies in a calendar year that have been in effect for at least three years on or before August 1, 2024, for any reason and to request the Commissioner’s approval of a plan to nonrenew or cancel more than 5% of its insureds’ homeowners policies in a calendar year that have been in effect for three years or more on or before August 1, 2024.

Current Regulation: N/A

Accepted Changes: N/A

Adopted Regulation: N/A

Effective Date: Upon Publication

Notice of Intent: Regulation 131 - NOI

Rule Summary Report: N/A

Contact Person: Interested persons who wish to make comments may do so by writing to Claire Lemoine, Attorney Supervisor, Louisiana Department of Insurance, P.O. Box 94214, Baton Rouge, LA 70804-9214, or by faxing comments to (225) 342-1632. Comments will be accepted through the close of business, 4:30 p.m., October 11, 2024.