§1346.2. Requirement to offer stated value policy
A. Insurers offering residential property policies within this state may offer a stated
value policy option to homeowners upon the request of the homeowner or his authorized
agent, allowing for the insurance coverage to be based on a stated value of the residential
property as declared by the homeowner or authorized agent, rather than solely on the market
value of the property.
B. Any insurer that offers a stated value policy option to homeowners as provided
in Subsection A of this Section shall prominently disclose stated value policy offerings in all
insurance policy proposals, agreements, and renewal documents provided to consumers.
Acts 2025, No. 480, §1, eff. June 30, 2025.