Louisiana Administrative Code
Title 37 - INSURANCE
Part XIII - Regulations
Chapter 127 - Regulation Number 94-Premium Adjustments for Compliance with Building Codes and Damage Mitigation
Section XIII-12703 - Purpose
Universal Citation: LA Admin Code XIII-12703
Current through Register Vol. 50, No. 3, March 20, 2024
A. The purpose of Regulation 94 is to implement the provisions of Acts 2007, No. 323 of the Regular Session of the Louisiana Legislature, which mandates that insurers provide an actuarially justified premium discount for insureds who build or retrofit a structure to comply with the State Uniform Construction Code and/or install mitigation improvements or retrofit their property utilizing construction techniques demonstrated to reduce the amount of loss from a windstorm or hurricane.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:3 to enforce the provisions of R.S. 22:1426.
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