INSURANCE DEPARTMENT: Provides for an extension for premiums due for homeowners' policies. (8/1/25)

This bill updates Louisiana law to require insurance companies to offer a sixty-day grace period for homeowners' insurance premiums when a policyholder's spouse dies within sixty days of the payment due date. To qualify for this extension, the surviving spouse must submit a written request to the insurer along with a death certificate, and the grace period only applies to payments made directly to the insurance company rather than through a lender's escrow account. The legislation also expands the definition of eligible beneficiaries from "widow" to "surviving spouse" and authorizes the state insurance commissioner to create specific rules governing this process. These changes take effect on January 1, 2025, and allow the commissioner to treat a failure to grant a properly documented request as a violation of state law.