Title 22, Insurance
0 chapters · 2,651 sections in this title.
La. Rev. Stat. § 22:468 Covered claim; prohibition of cancellation
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§468. Covered claim; prohibition of cancellation No self-insurer may unilaterally cancel a self-insurance plan or reduce the benefits provided by such plan after receipt or notice of any covered claim. The self-insurer may cancel the plan, as otherwise provided by law, after the …
La. Rev. Stat. § 22:469 Inherited metabolic diseases; coverage for food products
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§469. Inherited metabolic diseases; coverage for food products A. Every self-insurer and self-insurance plan, as defined in this Subpart, which are subject to the jurisdiction of the commissioner under this Title shall provide coverage, subject to applicable deductibles, coinsura…
La. Rev. Stat. § 22:47 Kinds of insurance
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§47. Kinds of insurance Insurance shall be classified as follows: (1) Life. Insurance on human lives and insurances appertaining thereto or connected therewith. For the purposes of this Code, the transacting of life insurance includes additional benefits, including the accelerati…
La. Rev. Stat. § 22:48 Types of insurers and other risk bearing entities
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§48. Types of insurers and other risk bearing entities A. The following entities are regulated by specific provisions in the Louisiana Insurance Code: (1) Domestic stock insurers. (2) Domestic mutual insurers. (3) Domestic service insurers. (4) Industrial insurers. (5) Reciprocal…
La. Rev. Stat. § 22:481 Purpose; title
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§481. Purpose; title A. The purpose of this Subpart shall be to regulate the formation and operation of risk retention groups in Louisiana, formed pursuant to the provisions of the federal Risk Retention Amendments of 1986, as amended. B. This Subpart shall be known and may be ci…
La. Rev. Stat. § 22:482 Definitions
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§482. Definitions As used in this Subpart, the following terms shall have the meanings ascribed to them in this Section: (1) "Commissioner" means the commissioner of insurance of Louisiana or the commissioner, director, or superintendent of insurance in any other state. (2) "Comp…
La. Rev. Stat. § 22:483 Risk retention groups chartered in Louisiana
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§483. Risk retention groups chartered in Louisiana A. A risk retention group seeking to be chartered in this state shall be chartered and licensed as a liability insurance company authorized by the insurance laws of this state and, except as provided elsewhere in this Subpart, sh…
La. Rev. Stat. § 22:484 Risk retention groups not chartered in Louisiana
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§484. Risk retention groups not chartered in Louisiana A. Law applicable. Risk retention groups chartered in states other than Louisiana and seeking to do business as a risk retention group in this state shall observe and abide by the laws of this state governing the formation an…
La. Rev. Stat. § 22:485 Additional authority; risk retention groups
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§485. Additional authority; risk retention groups The commissioner may refuse, suspend, or revoke the registration of a risk retention group whenever he shall find that such risk retention group meets any one of the following conditions: (1) Is insolvent. (2) Is in such condition…
La. Rev. Stat. § 22:486 Compulsory associations
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§486. Compulsory associations No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, its insureds, or any other claimant receive any benefit f…
La. Rev. Stat. § 22:487 Repealed by Acts 2009, No
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§487. Repealed by Acts 2009, No. 503, §2.
La. Rev. Stat. § 22:488 Purchasing groups exemption from certain laws relating to the group purchase of insurance
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§488. Purchasing groups exemption from certain laws relating to the group purchase of insurance Any purchasing group meeting the criteria established under the laws of this state shall be exempt from any law of this state relating to the creation of groups for the purchase of ins…
La. Rev. Stat. § 22:489 Notice and registration requirements of purchasing groups
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§489. Notice and registration requirements of purchasing groups A. A risk purchasing group which intends to do business in this state shall, prior to doing business, pay the registration fee required by R.S. 22:490 and furnish notice to the department on forms prescribed by the d…
La. Rev. Stat. § 22:49 Repealed by Acts 2009, No
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§49. Repealed by Acts 2009, No. 503, §2.
La. Rev. Stat. § 22:490 Registration and annual renewal; fees
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§490. Registration and annual renewal; fees Upon registration with the department, each risk purchasing group shall pay the department the fee specified in R.S. 22:821(B)(18)(a). Such registration shall expire on the first day of March of each year, unless renewed, and shall be r…
La. Rev. Stat. § 22:491 Restrictions on insurance purchased by purchasing groups
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§491. Restrictions on insurance purchased by purchasing groups A. A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase …
La. Rev. Stat. § 22:492 Administrative and procedural authority regarding risk retention groups and purchasing groups
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§492. Administrative and procedural authority regarding risk retention groups and purchasing groups The commissioner may use any of the powers established under this Code to enforce the laws of this state so long as those powers are not specifically preempted by the federal Produ…
La. Rev. Stat. § 22:493 Penalties
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§493. Penalties A risk retention group which violates any provision of this Subpart shall be subject to fines and penalties applicable to licensed insurers generally, including revocation of its registration and the right to do business in this state. Acts 1987, No. 462, §1, eff.…
La. Rev. Stat. § 22:494 Duty on producers to obtain license
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§494. Duty on producers to obtain license Any person acting, or offering to act, as a producer for a risk retention group or purchasing group which solicits members, sells insurance coverage, purchases coverage for its members located within the state, or otherwise does business …
La. Rev. Stat. § 22:495 Binding effect of orders issued in federal district court
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§495. Binding effect of orders issued in federal district court An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating, in any state or in all states or in any territory or possession of the U…
La. Rev. Stat. § 22:496 Rules and regulations
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§496. Rules and regulations The commissioner may establish and, from time to time, amend such rules relating to risk retention groups as may be necessary or desirable to carry out the provisions of this Subpart. Acts 1987, No. 462, §1, eff. Sept. 1, 1987; Redesignated from R.S. 2…
La. Rev. Stat. § 22:497 Repealed by Acts 2009, No
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§497. Repealed by Acts 2009, No. 503, §2.
La. Rev. Stat. § 22:498 Policyholder's liability
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§498. Policyholder's liability A. Notwithstanding any other provisions in this Subpart, any contract of insurance issued by an admitted risk retention group may provide for the contingent liability of the policyholder for payment of actual losses and expenses incurred while such …
La. Rev. Stat. § 22:5 Redesignated as R.S
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§5. Redesignated as R.S. 22:46 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:50 Reimbursement to a unique provider of health services
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§50. Reimbursement to a unique provider of health services Health insurance issuers shall provide coverage and reimbursement to a unique provider of health services for catastrophically ill children, as defined by R.S. 40:1077.1(2), located outside the state of Louisiana in accor…
La. Rev. Stat. § 22:511 Title; purpose
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§511. Title; purpose A. This Subpart shall be known and cited as the "Louisiana Title Insurance Act". B. The purpose of this Subpart is to provide the state of Louisiana with a comprehensive body of law for the effective regulation and supervision of title insurance, title insure…
La. Rev. Stat. § 22:512 Definitions
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§512. Definitions As used only in this Subpart, the following words are defined as: (1)(a) "Abstract " shall mean a written history, synopsis, or summary of the recorded instruments in the public records affecting the title to immovable property that: (i) is prepared and certifie…
La. Rev. Stat. § 22:513 Title insurers and producers; qualifications
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§513. Title insurers and producers; qualifications A. Only those persons authorized as title insurers or producers pursuant to this Title shall be qualified to issue title insurance policies or reports or otherwise transact the business of title insurance. Notwithstanding any oth…
La. Rev. Stat. § 22:513.1 Title insurance; identification of examining attorney and title producer
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§513.1. Title insurance; identification of examining attorney and title producer A. Every sale, conveyance, transfer, or other act transferring an interest in or ownership in a one-to-four family residential property that is insured by an owner's title insurance policy and every …
La. Rev. Stat. § 22:514 Authorized activities; title insurers
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§514. Authorized activities; title insurers Subject to the exceptions and restrictions contained in this Subpart, a title insurer shall have the power to: (1) Do only title insurance business. (2) Reinsure title insurance policies. (3) Perform, or cause to be performed, ancillary…
La. Rev. Stat. § 22:515 Title insurers; limitation of authority, powers
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§515. Title insurers; limitation of authority, powers A.(1) No insurer that transacts any class, type, or kind of insurance other than title insurance shall be eligible for the issuance or renewal of a license to transact the business of title insurance in this state. (2) No titl…
La. Rev. Stat. § 22:516 Title insurer; establishment of rates
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§516. Title insurer; establishment of rates A. A title insurer who adopts a rating organization's rate filing made and approved pursuant to R.S. 22:1466 or files a deviation to such filing which is approved pursuant to R.S. 22:1468 shall not have its rates deemed to be excessive,…
La. Rev. Stat. § 22:517 Title insurance producers; licensing and reporting requirements
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§517. Title insurance producers; licensing and reporting requirements Every title insurance producer licensed in the state shall provide, in a timely fashion, each title insurer with which it places business all information the title insurer may request in compliance with the lic…
La. Rev. Stat. § 22:518 Title insurance producers; errors and omissions requirements
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§518. Title insurance producers; errors and omissions requirements A. Every title insurance producer licensed in this state shall maintain an errors and omissions policy, which includes coverage for their acts or omissions as a title insurance producer, for the benefit of the tit…
La. Rev. Stat. § 22:519 Title insurance producers; examination
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§519. Title insurance producers; examination A. The department or title insurer may during normal business hours examine, audit, and inspect any and all books, records, files, and escrow and operating accounts related to the title insurance business maintained by a title insuranc…
La. Rev. Stat. § 22:520 Underwriting contracts required; title insurer, producer
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§520. Underwriting contracts required; title insurer, producer A. No person acting in the capacity of a title insurance producer shall place business with a title insurer, and no title insurer shall accept business from a title insurance producer, unless there exists a written co…
La. Rev. Stat. § 22:521 Title insurance producer; policies and funds remittance
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§521. Title insurance producer; policies and funds remittance A. Unless a later date is specifically authorized by the title insurer for a particular transaction, the title insurance producer shall account for and remit all funds and policies due under the contract to the title i…
La. Rev. Stat. § 22:522 Title insurance producer; termination
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§522. Title insurance producer; termination A. The title insurer may terminate the contract upon written notice to the title insurance producer under any of the following circumstances: (1) Fraud, insolvency, appointment of a receiver or conservator, bankruptcy, cancellation of t…
La. Rev. Stat. § 22:523 Title insurance producer; claims
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§523. Title insurance producer; claims It shall be the duty of the title insurance producer to immediately report and forward to the title insurer all claims reported to the producer by policyholders or other persons. Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R…
La. Rev. Stat. § 22:524 Title insurance producer; restrictions
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§524. Title insurance producer; restrictions The title insurance producer shall not: (1) Bind reinsurance on behalf of the title insurer. (2) Permit any of its directors, officers, controlling shareholders, or employees to serve on the title insurer's board of directors if the ti…
La. Rev. Stat. § 22:525 Title insurance producer; inventory maintenance
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§525. Title insurance producer; inventory maintenance The title insurance producer shall maintain an inventory of all numbered policy forms or policy numbers assigned to the producer by the title insurer. Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R.S. 22:2092.8…
La. Rev. Stat. § 22:526 Title insurer; audit
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§526. Title insurer; audit A. The title insurer shall, at least once every three years, conduct an audit of the escrow and settlement practices, escrow accounts, security arrangements, files, underwriting and claims practices, and policy inventory of the producer. If the title in…
La. Rev. Stat. § 22:527 Title insurer; agency appointment and termination
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§527. Title insurer; agency appointment and termination Within five days of executing or terminating a contract with a title insurance producer, the title insurer shall provide written notification of the appointment or termination and the reason for termination to the department…
La. Rev. Stat. § 22:528 Title insurer; restrictions
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§528. Title insurer; restrictions A title insurer shall not: (1) Appoint any director, officer, controlling shareholder, or employee of a title insurance producer to serve on the title insurer's board of directors if the title insurance producer wrote one percent or more of the d…
La. Rev. Stat. § 22:529 Title insurer; inventory maintenance
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§529. Title insurer; inventory maintenance The title insurer shall maintain an inventory of all numbered policy forms or policy numbers allocated to each title insurance producer. Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R.S. 22:2092.9.3 by Acts 2008, No. 415,…
La. Rev. Stat. § 22:530 Title insurer; agency licensing and errors and omissions insurance requirements
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§530. Title insurer; agency licensing and errors and omissions insurance requirements The title insurer shall have on file evidence that each appointed title insurance producer is licensed by the state and maintains the errors and omissions insurance required by this Subpart. Act…
La. Rev. Stat. § 22:531 Policyholder rights and disclosure
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§531. Policyholder rights and disclosure A. A title insurer or a title insurance producer issuing a title insurance policy to a lender in conjunction with a mortgage loan involving immovable property made simultaneously with the purchase of all or part of the immovable estate sec…
La. Rev. Stat. § 22:532 Maintenance, conditions; escrow, closing, or settlement services, deposit accounts by title insurer or its producer
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§532. Maintenance, conditions; escrow, closing, or settlement services, deposit accounts by title insurer or its producer A. A title insurer or a title insurance producer may operate in a fiduciary capacity as a closing, escrow, or settlement agent, provided that: (1) All funds d…
La. Rev. Stat. § 22:533 Record retention; requirements
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§533. Record retention; requirements The title insurer and the title insurance producer shall maintain sufficient records of their affairs, including evidence of the examination of title and determination of insurability and records of its escrow operations and escrow accounts. T…
La. Rev. Stat. § 22:534 Louisiana Insurance Code; applicability to title insurers, title insurance producers
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§534. Louisiana Insurance Code; applicability to title insurers, title insurance producers All title insurers and title insurance producers shall be subject to all other applicable provisions of this Title unless specifically exempted by this Subpart. Acts 1997, No. 1427, §1; Act…