Louisiana § RS 22:1346.5 - Dissemination of information on risks associated with stated value policies; commissioner
Full text of Louisiana Louisiana Civil Code § RS 22:1346.5 — Dissemination of information on risks associated with stated value policies; commissioner, with citation guidance and answers to common questions.
§ RS 22:1346.5. Dissemination of information on risks associated with stated value policies; commissioner
A. To promote consumer awareness within the insurance marketplace, the commissioner shall provide clear, understandable, and accessible informational materials to consumers regarding the risks, potential disadvantages, and limitations associated with stated value policies. At a minimum, the commissioner shall include the following in informational materials:
(1) A clear explanation of what stated value policies are and how they differ from other types of property insurance policies, including but not limited to differences of replacement costs.
(2) A description of the potential financial risks of a stated value policy, including the possibility that the stated value may not fully cover the cost of repairing or replacing damaged or destroyed property.
(3) A comparison of stated value policies with other types of policies, including but not limited to actual cash value policies, highlighting the advantages and disadvantages of each.
(4) Consumer tips for evaluating insurance options and understanding policy terms, including instructions on how the consumer may ask questions and seek clarification from the insurer about the terms and conditions of a stated value policy.
B.(1) The commissioner shall establish a dedicated section on the department's website for consumers to access the informational materials described in this Section and shall distribute the informational materials to homeowners at least once every two years through either direct mail, email, or other means deemed appropriate by the commissioner.
(2) The commissioner shall periodically review and update the informational material provided to homeowners to ensure it reflects any changes in the insurance market.
Acts 2025, No. 480, §1, eff. June 30, 2025.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 22:1346.5
What does Louisiana Civil Code § RS 22:1346.5 cover?
Section RS 22:1346.5 ("Dissemination of information on risks associated with stated value policies; commissioner") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 22:1346.5?
A common citation format is "Louisiana Civil Code § RS 22:1346.5" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 22:1346.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.