TIMELINE
Louisiana Citizens is in the process of conducting Round 13 of Depopulation with an assumption date of December 1, 2019. Please refer to the chart below, which highlights key dates and activities important to the upcoming Depopulation Round. Interested companies may email
depopcoordinator@lacitizens.com for further information.
LOUISIANA CITIZENS PROPERTY INSURANCE CORPORATION
Depopulation ‐ Round 13
2019 ‐ 2020
KEY DATES
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Date
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Activity
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Activity Details
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6/30/2019
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Deadline for companies to submit documents to LCPIC
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- Return signed Non‐Disclosure Agreement
- Submit Louisiana Certificate of Authority to LCPIC.
- Submit required financial documents to LCPIC.
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8/02/2019
|
Initial data file available
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Initial data file available to download for data as of 7/31/2019.
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|
9/02/2019
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Selection portal open for companies
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Selection portal opens for approved companies and remains open until 10/31/2019.
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10/01/2019
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Authorization portal open for agents
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Agents can begin authorizing requested policies. Authorization portal will close 10/31/2019.
*Proof of approved forms and rates must be sent to LCPIC.
*Coverage comparison worksheet(s) must be submitted to LCPIC prior to agent authorization.
|
|
10/31/2019
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System closed to agents and companies
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Both selection and authorization portals will close at 4 pm CST.
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11/15/2019
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Final assumption list
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Final list of policies to be assumed sent to companies.
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11/20/2019
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Assumption documents
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- LCPIC sends assumption agreement to companies.
- Companies send assumption certificate to policyholders by 11/30/2019.
- LCPIC sends letter of assumption to policyholders.
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12/1/2019
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Assumption period begins
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Authorized policy files transferred to companies.
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12/1/2019 –
2/29/2020
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Opt‐out period
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- Policyholders have until 2/29/2020 to opt‐ out of assumption.
- LCPIC will continue to renew assumed policies renewing before 3/01/2020.
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3/1/2020
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Companies renewals start
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Companies renew assumed policies on their paper.
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