The civic record
Read. Follow. Verify.Louisiana House Bill 881 authorizes early rate filing approvals and clarifies claims settlement requirements for homeowners insurance
Last action · March 9, 2026: Read by title, under the rules, referred to the Committee on Insurance.Sponsor: Gabe Firment
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What This Bill Proposed
Louisiana House Bill 881 allows the insurance commissioner to approve homeowners insurance s before statutory notification periods expire and clarifies verification powers. It also explicitly applies the requirement for insurers to include general contractor overhead and profit to both replacement cost and actual cash value policies.
Homeowners may see faster processing of insurance rate changes and clearer payout rules during property claims settlements, specifically regarding whether general contractor overhead and profit costs are covered under different policy types.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Homeowners insurance policyholders
Policyholders are subject to updated claims adjustment practices regarding contractor overhead and profit across replacement cost and actual cash value policies.
Insurers
Insurers must comply with updated rate filing review timelines, provide records for inspection upon request, and include general contractor overhead and profit in specified claim payments.
Rating organizations
Rating organizations are subject to record inspection and data verification requirements by the commissioner.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Can the insurance commissioner approve an insurance rate filing before the waiting period ends?
Does the requirement to include general contractor overhead and profit apply to actual cash value policies?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
4 actions- Mar 9, 2026HouseIntroducedRead by title, under the rules, referred to the Committee on Insurance.
- Feb 27, 2026HousePrefiled.
- Feb 27, 2026HouseCommitteeUnder the rules, provisionally referred to the Committee on Insurance.
- Feb 27, 2026HouseFirst appeared in the Interim Calendar on 2/27/2026.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
www.legis.la.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 55)
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz35Current news / social attention level
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