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Results for content tagged as Louisiana

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Dec 9, 2016 - ... Louisiana Department of Insurance has adopted amendments to its policy form filing Regulation 78. The amendments provide a more streamlined and cost-effective means for insurance companies to file policy forms, amendments and...

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Apr 21, 2016 - Louisiana is amending its guidelines for schedule rating plans in commercial lines insurance. In a recent bulletin, the state's insurance department states that it will continue to limit the aggregate impact of premium credits or debits for scheduled risk characteristics to 25% of the overall policy premium. However, the department is dropping its previous position that no individual characteristic can have more than a 10% impact on premium.  "Due to current business practices in the in...

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Oct 21, 2014 - ... Louisiana Department of Insurance clarifies data reporting obligations established for homeowners insurers in June 2014, and reported in a previous AAIS Advisory notice. The letter reiterates the statutory provision that...

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Jun 25, 2014 - ... law in Louisiana requires admitted carriers writing liability coverage in that state to provide a notice, either in the policy declarations or separately, when a policy provides defense cost coverage within...

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Jun 11, 2014 - ... law in Louisiana clarifies the conditions under which a homeowners insurer can cancel or non-renew a policy when the policyholder has made at least to claims. Previously, a homeowner's policy could be cancelled...

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Jun 9, 2014 - [ACTION_PRINT_ARTICLE] A new law in Louisiana, the "Property Insurance Clarity Act," establishes new data reporting requirements for "homeowners" insurance, defined in the law to include condominium (unit-owners) insurance, residential fire insurance, renter's and tenant's insurance, and mobile home and manufactured housing insurance. Under the law, insurers writing homeowners policies must submit data each year to the insurance department on their total direct incurred losses, numb...

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May 29, 2014 - ... law in Louisiana defines a "fire insurance policy" for purposes of the application of valued policy laws in that state. Under the law, a fire insurance policy is defined to mean any...

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Aug 6, 2013 - ... of the Louisiana Citizens Property Insurance Corporation, the state's insurer of last resort, has approved a 3.54% emergency assessment on all commercial and personal policyholders in the state, effective Jan. 1,...

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Jun 18, 2013 - ... its personal and commercial lines affiliates to newly revised interrogatories from the Louisiana Department of Insurance (LDI) regarding the use of catastrophe modeling in property insurance rating. In a recent bulletin, the LDI reiterates a longstanding position that insurers who use catastrophe...

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Feb 15, 2011 - By Kathy Donovan Senior Compliance Counsel, Insurance Compliance Solutions Wolters Kluwer Financial Services This is one of the latest in a series of guest columns by professionals in organizations that are associate members of AAIS. For information on having your company become an associate member, contact Rick Maka, director of marketing and strategic alliances, at our contact form , or by calling 800-564-AAIS, ext. 222. Without a doubt, cancellation and non-renewal requirements ap...