Session Scoop: 2024 Bill Tracking Report

Louisiana REALTORS® • March 15, 2024

Bill Tracking Report as of 3/14/2024

Your Louisiana REALTORS® Bill Review Team met Wednesday, March 13th to determine the positions LR is taking on over 200 pieces of legislation.


Two complete versions of the Louisiana REALTORS® Bill Report are available below. One report has the bills in numerical order, and the other report sorts bills by Louisiana REALTORS® positions on the bills. Updated bill reports and a summary of the week’s events will be posted on the Louisiana REALTORS® website each Friday.


The first week of the 2024 Legislative Session was generally slow, but things will pick up next week when bills aimed to improve the property insurance market will be heard in committees.


These bills are of particular interest to members because in the 2023 Louisiana REALTORS® Getting to Home study, you made it clear your number one Louisiana REALTORS® advocacy goal is improving our property insurance market.   


Therefore, Louisiana REALTORS® is supporting several bills that have been filed to provide Louisiana Department of Insurance Commissioner Tim Temple the necessary tools to bring insurers back to Louisiana, and to retain all the tools necessary to protect consumers from 'bad actors'.


These bills would bring bold changes to Louisiana’s insurance market and end the days of our state being the outlier in many areas. Change is never easy, but Louisiana cannot expect different results if it is to maintain the status quo. 


A few of these measures include the following:


   1. Approval of Rates: HB 613 by Representative Gabe Firment and SB 295 by Heather Cloud

These bills would change Louisiana from requiring "prior approval" of proposed insurance rates to a "file & use" system of approving insurance rates, thereby allowing insurers to begin using an actuarily sound market rate subject to receiving the approval of the Commissioner of Insurance within 30 days. This would allow insurers to better manage their business and have more flexibility to price their products.


   2. Good Faith Claims Process: HB 678 by Representative Gabe Firment and SB 323 by Senator Kirk Talbot

These bills would establish and clarify the rights, duties, and timelines imposed on both the policyholder and insurer to ensure swift resolution of an insured’s claims, including offering insurance companies cure periods. SB 232 would retain an insured's ability to file a bad faith claim and receive the same court-awarded damages and attorney fees they could obtain under current law. HB 678 would adopt Texas's prompt payment of claims framework, including its provisions on cure periods, penalties/interest and attorney’s fees.


    3. 3-year Rule Modifications: SB 370 by Senator Adam Bass and HB 611 by Representative Gabe Firment

With a few exceptions, Louisiana’s 3-year rule essentially marries an insurer to an insured if the property insurance is in place for three years. Louisiana is the only place on the planet with this type of law giving us a notorious reputation in the insurance industry worldwide.


If adopted, both bills would allow insurers to slowly remove policies held under this law and provide that any policies written after August 1st would not be subject to the 3-year rule. There is talk of amendments being proposed to the bills to limit the number of existing policies that could be reduced in any given parish and any given zip code.



Bill Tracking Report by Numerical Order (as of 3/14/24) Bill Tracking Report by Position (as of 3/14/24)
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Week 10 brought meaningful movement on several Louisiana REALTORS® priorities affecting real estate, property rights and insurance. And Week 11 is shaping up to be one of the most important stretches of the session. The biggest developments last week were the final Senate passage of HB 468 by Rep. Troy Hebert with amendments, movement of HB 1027 by Rep. Hebert to the Governor for executive approval, continued Senate progress on HB 1187 and HB 1166 , and final legislative action on SB 180 . REALTOR® Day at the Capitol also came at an important time, giving members the opportunity to reinforce industry priorities with legislators as several key bills neared final passage or awaited committee, concurrence or floor action. Just as importantly, the Louisiana REALTORS® legislative package has now cleared most of its major hurdles, and barring any late-session surprises, the remaining package’s bills should be headed to the Governor’s desk shortly. On the core real estate package, HB 468 , the wholesale regulation bill, remains the most immediate priority. The Senate passed the bill 34-0 on May 12 with amendments, and it now returns to the House for concurrence. That places it in a fast-moving posture, and members should be prepared for quick House action once concurrence is called. HB 1027 , the appraiser liability bill, has now moved into final executive posture after passing the Senate 35-0 without amendments and being sent to the Governor. Together, those two bills represent major wins for consumer protection, market integrity and greater certainty in the real estate transaction process. Insurance remains one of the busiest and most important policy areas as we head into Week 11. HB 1187 , dealing with Louisiana Citizens for emergency assessments, was reported favorably by the Senate Insurance Committee and is now pending Legislative Bureau for review in the Senate. HB 759 , addressing fortified roof endorsement offers, remains one of the more important insurance and mitigation bills still in play and is positioned for Senate floor action. HB 408 , which would prohibit insurers from non-renewing residential policies when homeowners timely mitigate risks, remains pending in House Insurance, as does HB 1210 , which would create a mandatory pre-suit claim review process for residential property insurance. Additional insurance measures, including HB 850 on Standard Fire Policy cancellation notices, HB 1162 on contractor verification in insurance claims, and SB 241 on adjuster and appraiser license-number disclosure, also remain active. These bills continue to matter because insurance affordability, mitigation, claims handling and policy stability remain central to property ownership and transaction viability across Louisiana. On disclosure and regulatory matters, HB 1166 by Rep. Kim Carver , requiring disclosures for vacant residential property and carrying out the adopted LREC reform amendment, was reported favorably by the Senate Commerce Committee and is now pending with the Legislative Bureau for review in the Senate. That keeps the bill in a strong position for Senate floor movement and makes it one of the key bills to watch in Week 11. SB 180 , allowing a surviving spouse of a deceased disabled veteran to transfer an expanded property tax exemption under certain circumstances, has completed legislative action and is now in final processing. Week 10 and the run into Week 11 also reflected an important defensive win for Louisiana REALTORS®. Our team successfully worked to block and tackle HB 617 and HB 750 to ensure real estate and nonprofit activity were not swept into overly broad consumer protection frameworks. On HB 617 , Louisiana REALTORS® opposed the bill as drafted and worked to posture it so that real estate professionals would not be caught up in a fee-disclosure framework that does not fit the realities of real estate transactions. On HB 750 , we worked to ensure the bill would not be interpreted to reach real estate or nonprofit operations in a way that could create unintended compliance burdens for leases, property management arrangements, association activity, or recurring charges authorized under those structures. That effort helped keep broad subscription-style language from bleeding into housing and nonprofit operations where it plainly does not belong. Civil justice and broader property rights measures also remain active entering Week 11. HB 437 , dealing with expert witness fees, and HB 1089 , creating CARE Accounts for certain damages arising from delictual actions, remain pending in Senate Judiciary A and remain high-priority tort reform measures to watch. HB 472, the rent stabilization bill, remains involuntarily deferred and stays on the watch list for any attempted revival through another vehicle or amendment. Additional redevelopment and tax-related measures, such as HB 214 and HB 217, also remain relevant to the broader conversation on blight, reinvestment and neighborhood stabilization. A few additional housing and valuation bills are also worth noting HB 292 on security deposits, HB 297 on early lease termination in stalking and cyberstalking situations, and HB 300 on appraisal thresholds for bank-owned property have all advanced and remain part of the broader housing policy landscape. The practical takeaway is straightforward: Week 11 will likely move fast, and late-session maneuvering can matter as much as headline floor votes. Louisiana REALTORS® should be prepared for House concurrence on HB 468 , further Senate movement on HB 1166 and HB 1187 , continued action on insurance and tort reform, and the possibility of late amendments or procedural pivots on bills affecting real estate transactions, private property rights, housing affordability, nonprofits, property managers and the broader real estate industry. The package is in strong shape, but this is the point in the session when the finish line comes into view and traffic gets thick. Please view the weekly bill tracking report provided by our lobbying team over at Harris, DeVille and Associates. 
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