17 Tips To Pay Less For Auto Insurance
You need auto insurance – it's the law. What you don't need is to be paying too much for auto insurance. In other words, you need affordable auto...
3 min read
Levi Kastner
Mar 30, 2020 2:56:19 PM
Donelon Issues Emergency Rule 39 Providing Mid-Term Audit of Admitted Policies
Commissioner Jim Donelon issued Emergency Rule 39 to address the statewide public health emergency declared by Governor John Bel Edwards for the state of Louisiana as the result of the imminent threat posed to Louisiana citizens by COVID-19.
"The continued impact of the stay at home order has shuttered many businesses across Louisiana," said Donelon. "This action provides a procedure whereby commercial insureds in our state can make a demand of their admitted insurers to allow for a mid-term self-audit in order to document if there has been a change in their exposure basis to appropriately and immediately adjust their premium in accordance with their new risk."
This action is done in consideration of the record number of layoffs and business closures amid the ongoing COVID-19 event. It addresses the need for small businesses to access available cash flow in an effort to keep or restart their business operations. This will also afford employees the chance to resume their previous work and provide for themselves and their families.
The full text of Emergency Rule 39 can be found here.
Donelon Issues Emergency Rule 40 - Moratorium on Policy Cancellations/Non-Renewals for Louisiana Policyholders
Commissioner Jim Donelon issued Emergency Rule 40 to address the statewide public health emergency declared by Governor John Bel Edwards for the state of Louisiana as a result of the imminent threat posed to Louisiana citizens by COVID-19.
“The ongoing impact of the stay at home order has touched households and businesses throughout Louisiana and this order provides Louisiana policyholders a moratorium on policy cancellations and non-renewal by their insurers,” said Donelon. “However, I do want to stress that nothing in this order absolves consumers or businesses of their ultimate responsibility for payment of premiums.”
The full text of Emergency Rule 40 can be found here [mailstats.ldi.la.gov].
Thimmesch Kastner Insurance is a full service insurance broker based in Lafayette, LA. We offer a variety of insurance products, and will work closely with you to explain all of your options, and coverage’s. We listen to your needs, and develop a customized portfolio for your lifestyle. We offer home, car and auto, liability (Umbrella), health, life, commercial (business), motorcycle, ATV, UTV, RV, and Boat Insurance and Cyber Insurance.
You need auto insurance – it's the law. What you don't need is to be paying too much for auto insurance. In other words, you need affordable auto...
I love meeting entrepreneurs at various networking events around the state because inevitably you run into some folks who obviously have a certain...