NOTICE: Proposed Constitution and Bylaws Amendments
LOUISIANA REALTORS • September 12, 2018
NOTICE OF PROPOSED LOUISIANA REALTORS® CONSTITUTION AND BYLAWS AMENDMENTS
This serves as notice of proposed amendments to the Constitution and Bylaws of the Louisiana REALTORS®
as required by Article 4 of the Constitution and Bylaws of the Louisiana REALTORS®.
Article 4 of the Constitution and Bylaws of the Louisiana REALTORS® requires all board of directors of Louisiana REALTORS® to be noticed of proposed changes to the Constitution and Bylaws at least ten (10) days prior to the Board of Directors meeting during which the Constitution and Bylaws are sought to be changed.
This notice is required to be provided by e-mail and posted on the Louisiana REALTORS® website.
The proposed changes to the Constitution and Bylaws of the Louisiana REALTORS® are in the below link.
(proposed changes are throughout the document and indicated in red).
NOTICE OF PROPOSED LOUISIANA REALTORS® POLICIES AND PROCEDURE AMENDMENTS
This serves as notice of proposed changes to the Policies and Procedures of the Louisiana REALTORS®.
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This notice is not required by any governing document of Louisiana REALTORS® and is being provided to inform you of proposed changes to be considered for adoption at the September 21, 2018 meeting of the Louisiana REALTORS® Board of Directors.
The proposed changes to the Policies and Procedures are in the below link. (page 2, proposed changes indicated in red).
Louisiana REALTORS' staff has compiled a summary presentation of the proposed amendments as a supplement to materials referenced in the above page.
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From the Louisiana Department of Insurance: Insurance Commissioner Tim Temple announced today that the Louisiana Department of Insurance (LDI) continues its work to develop a regulation creating benchmark discounts for Fortified roofs in Louisiana. The LDI is working with the National Association of Insurance Commissioners (NAIC) to develop the benchmark discounts using Louisiana-specific data, hurricane modeling and actuarial considerations. “With over 11,000 Fortified roofs in Louisiana and two years-worth of insurer experience with rating for those roofs in our state, now is an appropriate time for the LDI to establish benchmark discounts for homeowners insurance companies operating in our market,” said Commissioner Temple. “These benchmarks are being thoughtfully developed to help consumers receive the discounts they deserve for fortifying their homes while making sure insurers know the benchmarks reflect how much Fortified roofs actually mitigate their exposure to risk across Louisiana.” Like in Alabama’s Fortified benchmark discount structure, the LDI regulation would require Louisiana insurance companies to either meet the minimum benchmark discount established by the LDI or provide actuarial justification for why the company’s discount does not meet the benchmark. Louisiana is the fastest growing state for Fortified roofs in America. To date, over 11,000 Fortified roofs have been installed in Louisiana, including over 4,100 through the Louisiana Fortify Homes Program.
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