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Owners Insurance Policy “B” includes a concurrent causation of loss provision indicating that, when loss is caused by two or extra totally different perils on the identical time, if any peril causing damage is excluded under the coverage, then the complete loss is excluded from coverage, even if the other perils would in any other case be covered by the coverage.
While named storm deductibles in householders insurance insurance policies are a relatively latest growth in Louisiana, similar named storm deductibles have been included in business and different property insurance policies for some time, and business named storm deductibles can rise as excessive as ten percent (10%) or fifteen % (15%) of the insured property worth.
Additionally gives that if a refund of twenty-5 dollars ($25) or much less, together with interest, is due an insured who continues to maintain a coverage of insurance with the insurer or an affiliated insurer, that insurer may apply the refund to the insured’s subsequent premium in the form of a credit score upon written discover to the insured.
Proposed Regulation one hundred drafted by the Louisiana Division of Insurance requires three different and distinct kinds of notice by medical health insurance plan issuers to enrollees with respect to protection of prescribed drugs through a drug formulary, and requires approval by the Department of certain modifications to prescription drug coverage.