Friday, 19 August 2016 13:53
Louisiana Insurance Commissioner Jim Donelon issues new rules for insureds hit by flood
 
Rate this item
(1 Vote)

donelon Thursday afternoon, Insurance Commissioner Jim Donelon announced the issuance of an Emergency Rule which allows greater protection and flexibility for policyholders impacted by recent flooding. The action taken by Commissioner Donelon was authorized by Governor John Bel Edwards’ Executive Order 2016-58 granting the Commissioner temporary authority to implement emergency insurance rules.

See below

“Emergency Rule 27 provides some necessary protections for insured individuals and business owners in Louisiana who are already dealing with the aftermath of the devastating flooding.” said Commissioner Donelon. “The Emergency Rule will give policyholders who have been displaced from their homes some much needed time to try and begin the process of recovery and avoid being penalized in any way for non-payment of premiums.”

The Emergency Rule is similar in scope to the rules issued by the Louisiana Department of Insurance (LDI) following Hurricane Gustav in 2008 and Hurricane Isaac in 2012. The rule includes the following provisions for the period August 12, 2016 until September 10, 2016:

  • The emergency rule applies to all types of insurance.
  • Policyholders living in parishes that receive a Major Disaster Declaration from the federal government will receive an extension of time, until September 10, 2016, to pay insurance premiums due on or after August 12, 2016, without any late fees, penalties, cancellation or non-renewal.
  • The Emergency Rule provides policyholders in affected areas additional time to submit documents to insurers for claims that were filed before the state of emergency but might be difficult for policyholders to send until they can return to their homes and businesses.
  • The Emergency Rule also suspends the ability of insurers to cancel or terminate policies due to the inability of policyholders in federal declared disaster areas to comply with policy provisions during the state of emergency, for example, some policies might require habitation or occupancy of dwellings or similar provisions that are not reasonably feasible to comply with in this catastrophe.
  • The Emergency Rule does not apply to policyholders who live in areas outside of the parishes included in the federal disaster declaration.

To view Emergency Rule 27, please visit the LDI website www.ldi.la.gov.

 

Media Sources

BayoubuzzSteve

Website: www.bayoubuzz.com
Login to post comments
Powered By JFBConnect
  • Cat Fights on the Hot Cement Confederate New Orleans statues
  • Ex-Saints, Bears, Bills, NFL Exec, Jim W. Miller discusses NFL Draft tomorrow
  • Trump's new plan; Curtains on tax returns release; 40% say Trump-Russia; Probing Obama admin
  • Watch Louisiana Governor Edwards talk about CAT Tax failure

catRarely, have I seen few issues that have generated as much raw heat, tension, and passion than the Confederate monuments controversy. 

Just as existed during the real civil war, where brothers battled brothers, social media is the battleground, particularly Facebook, pitting friend against friend.

On one side of the tense divide, there are those who are protecting the New Orleans civil war era monuments.  Burnt in effigy, forever, is the symbol of Mayor Mitch Landrieu for up-ending what the monument protectors consider to be the loving civil society of New Orleans.

Lately, events have turned somewhat militaristic.

Some protectors of the Confederate monuments have been staying vigilant, in person and online, even surveilling during the wee hours of the morning, waiting for the next Mayor Landrieu attack. On Sunday morning, with protections of snipers, masked workers and a dumbstruck audience, the worst of all of the monuments was cut and carried., the Liberty Monument. 

Read More

miller nfl live2 5It’s D-Day or Draft Day tomorrow in the NFL.

More specifically, Thursday represents the first day of the NFL draft 2017.

Read More

 

trump curtainsThe major President Trump news of the day focuses upon taxes, not only the tax cuts he is proposing but his own taxes, which he obviously, refuses to unveil.

 

Read More

edwards play money 1

At a press conference today, Louisiana Governor John Bel Edwards said the CAT Tax did not pass the House Ways and Means Committee.  The Governor, in addressing the media said that "the fate of that bill was decided long before we unveiled it".

Read More

BB Menu

latter-blum2

Sen. Appel talks budget, economy

TRUMP TALK

Dead Pelican

Optimized-DeadPelican2 1 1