RS 22:1485: Homeowners' insurance; premium discounts

A. As used in this Section, the following terms shall have the following meanings:

(1) "Factory-built home" has the meaning given to that term in R.S. 9:1149.2.

(2) "Permanently structured home" means a structure with a permanent foundation that is not considered factory-built.

(3) "Security system" means a monitored security device that is wired to a local law enforcement or fire department.

B. Every insurer authorized to issue a policy of homeowners' insurance in this state who offers a policy premium discount based on the installation or existence of a security system in a permanently structured home shall provide the same or a similar premium discount for policies of homeowners' insurance covering factory-built homes.