§881.1. Discounts; disclosure requirements; renewals and prior premiums; homeowners' and motor vehicle policies

            A. Every insurer that writes homeowners' or private passenger motor vehicle insurance policies in this state shall, in writing that is not less than twelve-point font, disclose all discounts that the insurer offers that may reduce the homeowners' or motor vehicle insurance premium of a policyholder or prospective policyholder. Insurers shall ensure that the disclosure is delivered by electronic means as defined in R.S. 22:2461 or submit the disclosure within the written materials of a new policy delivered to the policyholder and at each subsequent renewal. For purposes of this Section, "discounts" means premium credits advertised by an insurer to policyholders who meet certain criteria defined by the insurer. An insurer's failure to comply with this Section does not create a cause of action.

            B. If an insurer issues a renewal policy of homeowners' or private passenger motor vehicle insurance in this state, the insurer shall provide the premium for the policy last issued by the insurer with the respective renewal policy and shall ensure the prior premium is prominently displayed in close proximity to the renewal premium.

             C. This Section does not apply to excess and surplus lines.

            Acts 2024, No. 611, §1, eff. May 1, 2025; Acts 2025, No. 11, §1.