INSURANCE/LIFE: Provides with respect to the denial of life insurance following suicide

This bill updates Louisiana life insurance laws to limit suicide exclusions to a maximum of two years from the policy's start date. It requires insurers to clearly explain these exclusions in plain language and provides written notice to policyholders at the time of purchase. Under the new rules, insurance companies cannot deny claims for suicide that occur after the two-year period or result from a diagnosed mental health condition, and they must prove any exclusion applies rather than the policyholder proving it does not. The changes specifically apply only to standard life insurance policies and do not affect accidental death coverage or policies for minors.