INSURANCE: Provides for electronic nonrenewal and cancellation notices

HB 348 requires Louisiana insurance companies to obtain written consent from policyholders before sending nonrenewal or cancellation notices electronically. Without this prior written consent, any electronic notice sent would be considered invalid. The bill applies directly to insured individuals and their insurance providers in Louisiana, ensuring that electronic notices only occur with explicit agreement. It becomes effective January 1, 2027, and amends Louisiana Revised Statutes §22:1265(F) to establish this requirement.