The Louisiana Department of Insurance has issued a series of Katrina-related emergency rules prohibiting insurance companies from canceling or non-renewing policyholders in storm-impacted counties.
In addition, no company can cancel or non-renew a policy solely because of the storm-related claim. Also, Katrina-affected policyholders will receive an extension on premium payments due after Aug. 26, without late fees or penalties.
Citizens with health insurance coverage in the impacted parishes may receive medical care out of network and prescription medication out of network without penalty, according to the order.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
