Policyholders of Louisiana’s property insurer of last resort have begun receiving refunds for application fees that were charged to them without their knowledge, the state insurance department announced.
The refunds for Louisiana Citizens Property Insurance Corp. (Citizens) policyholders are being paid pursuant to a written order issued by Insurance Commissioner Jim Donelon.
According to the commissioner’s order, the declaration page of the policy did not disclose or specify the fee. The application fees are being paid by Citizens, along with attorney fees set by the 19th Judicial District Court.
The $40 checks have been issued to 233,868 policyholders and are accompanied by a letter from Rust Consulting Inc., which is handling distribution of the funds.
“Citizens property insurance policyholders recently started receiving letters and checks in the mail for this application refund and many are calling us and Citizens to verify that the refund is legitimate. I want to assure policyholders that they are in fact legitimate and are being issued due to a court order,” Donelon said.
Topics Louisiana
Was this article valuable?
Here are more articles you may enjoy.
California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme 
Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers 
Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars 
Coral Gables, Florida Tops Beverly Hills as Ritziest Home Market in US From This Issue
