Insurance regulators in both Texas and Louisiana have enacted emergency rules aimed at providing relief for insurance consumers in the wake of Hurricanes Gustav and Ike.
The Louisiana Department of Insurance issued Emergency Rule 24, which addresses premium renewals, cancellations, claim filings and other insurance-related matters affecting Louisiana citizens impacted by Hurricane Gustav, which made landfall in that state on Sept. 1. The rule applies to all insurers doing business in Louisiana, including surplus lines insurers, and is effective for all declared disaster areas.
Emergency Rule 24 “suspends any notice of cancellation, notice of nonrenewal, nonreinstatement or any other notice related to any of the types of insurance enumerated in Section 4403” of the Louisiana Insurance Code. It also states that “no policy shall be cancelled or nonrenewed because of a claim resulting from Hurricane Gustav or its aftermath.”
Emergency Rule 24 may be viewed online at: .
Topics Catastrophe Natural Disasters Texas Louisiana Hurricane
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