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Current as of January 01, 2023 | Updated by Findlaw Staff
A contract to provide goods or services that is reasonably expected to be paid wholly or partly with the proceeds from a claim under a property insurance policy and has a contract price of one thousand dollars or more shall contain the following notice in at least twelve-point boldfaced type: “Louisiana law requires a person insured under a property insurance policy to pay any deductible applicable to a claim made under the policy. It is a violation of Louisiana law for a seller of goods or services who reasonably expects to be paid wholly or partly from the proceeds of a property insurance claim to knowingly allow the insured person to fail to pay, or assist in the insured person's failure to pay, the applicable insurance deductible.”
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 51, § 452. Contract paid with insurance policy proceeds; notice required - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-51-sect-452/
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