™Your Policy Risk Impact Agent
0 chapters · 1,747 sections in this title.
La. Rev. Stat. § 22:1706 Standards of conduct of public adjuster
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§1706. Standards of conduct of public adjuster A. A public adjuster is obligated, under his license, to serve with objectivity and complete loyalty to the interest of his insured alone and to render to the insured such information and service, as within the knowledge, understandi…
La. Rev. Stat. § 22:1707 Reporting of actions
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§1707. Reporting of actions A. The public adjuster shall report to the commissioner of insurance any administrative action taken against the public adjuster in any jurisdiction or by another governmental agency within thirty days of the final disposition of the matter. This repor…
La. Rev. Stat. § 22:1708 Regulations
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§1708. Regulations The commissioner of insurance may adopt reasonable rules and regulations as are necessary or proper to carry out the purposes of this Part. Acts 2006, No. 806, §1; Redesignated from R.S. 22:1210.108 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:172 Certificate of authority
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§172. Certificate of authority When the commissioner of insurance has been notified that the required bona fide applications have been received and that the reciprocal insurer has received from each subscriber the full annual premium or premium deposit required for each policy ap…
La. Rev. Stat. § 22:1721 Title
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§1721. Title This Part may be cited as the "Reinsurance Intermediary Law". Acts 1992, No. 811, §1; Redesignated from R.S. 22:1210.20 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:1722 Definitions
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§1722. Definitions As used in this Part: (1) "Actuary" shall mean a person who is a member in good standing of the American Academy of Actuaries. (2) "Business entity" shall mean a corporation, association, partnership, limited liability company, limited liability partnership, or…
La. Rev. Stat. § 22:1723 Licensure
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§1723. Licensure A. No person shall act as a reinsurance intermediary-broker in this state if the reinsurance intermediary-broker maintains an office either directly or as a member, officer, director, or employee of a business entity: (1) In this state, unless the reinsurance int…
La. Rev. Stat. § 22:1724 Required contract provisions for reinsurance intermediary-brokers
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§1724. Required contract provisions for reinsurance intermediary-brokers Any transactions between a reinsurance intermediary-broker and the insurer the broker represents in such capacity shall be entered into only pursuant to a written authorization, specifying the responsibiliti…
La. Rev. Stat. § 22:1725 Books and records; reinsurance intermediary-brokers
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§1725. Books and records; reinsurance intermediary-brokers A. For no less than ten years after expiration of each contract of reinsurance transacted by the reinsurance intermediary-broker, the reinsurance intermediary-broker shall keep a complete record for each transaction showi…
La. Rev. Stat. § 22:1726 Duties of insurers utilizing the services of a reinsurance intermediary-broker
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§1726. Duties of insurers utilizing the services of a reinsurance intermediary-broker A. An insurer shall not engage the services of any person to act as a reinsurance intermediary-broker on its behalf, unless such person is licensed as required by R.S. 22:1723(A). B. An insurer …
La. Rev. Stat. § 22:1727 Required contract provisions for reinsurance intermediary-managers
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§1727. Required contract provisions for reinsurance intermediary-managers A. Any transactions between a reinsurance intermediary-manager and the reinsurer represented in its capacity shall be entered into only pursuant to a written contract, specifying the responsibilities of eac…
La. Rev. Stat. § 22:1728 Prohibited acts
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§1728. Prohibited acts The reinsurance intermediary-manager shall not: (1) Cede retrocessions on behalf of the reinsurer, except that the reinsurance intermediary-manager may cede facultative retrocessions pursuant to obligatory facultative agreements, if the contract with the re…
La. Rev. Stat. § 22:1729 Duties of reinsurers utilizing the services of a reinsurance intermediary-manager
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§1729. Duties of reinsurers utilizing the services of a reinsurance intermediary-manager A. A reinsurer shall not engage the services of any person to act as a reinsurance intermediary-manager on its behalf unless such person is licensed as required by R.S. 22:1723(B). B. The rei…
La. Rev. Stat. § 22:173 Policies effective
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§173. Policies effective Any policy applied for by an original subscriber shall become effective upon the issuance of the certificate of authority to the reciprocal insurer. Acts 1958, No. 125; Redesignated from R.S. 22:444 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009. NOTE: Form…
La. Rev. Stat. § 22:1730 Examination authority
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§1730. Examination authority A. Any reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the commissioner. B. A reinsurance int…
La. Rev. Stat. § 22:1731 Penalties and liabilities
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§1731. Penalties and liabilities A. Any reinsurance intermediary, insurer, or reinsurer found by the commissioner, after a public hearing, to be in violation of any provision of this Part, shall: (1) For each separate violation, pay a penalty in an amount not exceeding five thous…
La. Rev. Stat. § 22:1732 Rules and regulations
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§1732. Rules and regulations The commissioner may adopt reasonable rules and regulations for the implementation and administration of the provisions of this Part. Acts 1992, No. 811, §1; Redesignated from R.S. 22:1210.31 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009. NOTE: Former …
La. Rev. Stat. § 22:174 Subscribers' liability
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§174. Subscribers' liability A. Except as to non-assessable policies, any contract of insurance exchanged pursuant to this Subpart shall provide for a contingent several liability of the subscriber for payment of actual losses and expenses incurred while such contract was in forc…
La. Rev. Stat. § 22:1741 Purpose
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§1741. Purpose The purpose of this Part is to provide for professional employment services by defining such services, requiring registration of persons providing such services, providing for employee benefits plans and workers' compensation coverage for participants of such servi…
La. Rev. Stat. § 22:1742 Definitions
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§1742. Definitions As used in this Part, the following terms shall have the following definitions: (1) "Client" means an employer who obtains services or all or a majority of its work force or labor from a professional employer organization. (2) "Controlling person" means either …
La. Rev. Stat. § 22:1743 Professional employer services agreement requirements
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§1743. Professional employer services agreement requirements Every professional employer services agreement ("PEO agreement") shall comply with the following requirements: (1) The agreement shall be in writing and executed by both the PEO and the client. (2) The agreement shall h…
La. Rev. Stat. § 22:1744 Exemptions; exceptions
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§1744. Exemptions; exceptions A. The provisions of this Part shall not apply to the following: (1) An agreement to provide services or the services provided by or through any staffing service or independent contractor, or to any arrangement by which employees are shared by a pers…
La. Rev. Stat. § 22:1745 Employee benefit plans
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§1745. Employee benefit plans A. A PEO may sponsor and maintain employee benefits plans in which its clients have the option to participate. Every employee benefit plan shall comply with applicable state and federal laws. B.(1) At least ten days before the initiation of coverage …
La. Rev. Stat. § 22:1746 Workers' compensation insurance
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§1746. Workers' compensation insurance A. If the PEO service agreement provides for the procurement and maintenance of state or federal workers' compensation insurance, covering the liability of the client, the insurance covering such liability shall be placed with an insurer aut…
La. Rev. Stat. § 22:1747 Licensure
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§1747. Licensure Every PEO engaged in the business of soliciting, selling, or negotiating policies of insurance shall be properly licensed in accordance with this Title. The PEO shall not hold itself out as an insurer or insurance producer; offer any insurance service; or conduct…
La. Rev. Stat. § 22:1748 Registration
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§1748. Registration Each person operating in this state as a PEO shall have on file with the department a statement, on a form to be prescribed by the department, of its name, its registered address, the address of its principal business establishments inside and outside this sta…
La. Rev. Stat. § 22:1749 Enforcement
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§1749. Enforcement The provisions of this Part may be enforced by the commissioner pursuant to R.S. 22:1967 through 1970 and other applicable provisions of this Title. Acts 2001, No. 1150, §1; Redesignated from R.S. 22:1210.59 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:175 Non-assessable contracts
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§175. Non-assessable contracts Any domestic reciprocal insurer authorized so to do by its declaration of organization may issue policies without contingent liability of the subscriber for assessment upon approval of the commissioner of insurance and upon compliance with the follo…
La. Rev. Stat. § 22:1750 Implementation
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§1750. Implementation The department may promulgate such rules and regulations, pursuant to the Administrative Procedure Act, as are necessary to implement this Part. Acts 2001, No. 1150, §1; Redesignated from R.S. 22:1210.60 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:1751 Electronic registration; registration through an approved assurance organization
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§1751. Electronic registration; registration through an approved assurance organization A. The commissioner is authorized, to the extent practical, to accept the electronic filing of a PEO registration that is in conformance with the Louisiana Uniform Electronic Transactions Act,…
La. Rev. Stat. § 22:176 Contributed surplus
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§176. Contributed surplus The attorney-in-fact or subscribers of a reciprocal insurer may make contributions to surplus under agreements approved by the commissioner of insurance which may provide for the payment of interest not exceeding eight percent per annum and shall provide…
La. Rev. Stat. § 22:1761 Purpose
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§1761. Purpose This Part is to govern the qualifications and procedures for the limited licensing of motor vehicle rental or leasing companies to sell or offer insurance in conjunction with the rental of a vehicle as provided in this Part. This Part shall govern the transactions …
La. Rev. Stat. § 22:1762 Definitions
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§1762. Definitions As used in this Part, the following words are defined as follows: (1) "Authorized agent" means an agent or representative authorized by the limited licensee to act individually on behalf, and under the supervision, of the limited licensee to offer or sell insur…
La. Rev. Stat. § 22:1763 Limited licensing; fees
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§1763. Limited licensing; fees A. The commissioner may issue to a rental company, whether such rental company is a foreign or domestic company, that has complied with the requirements of this Part, a limited license authorizing the limited licensee and its employees and authorize…
La. Rev. Stat. § 22:1764 License requirements
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§1764. License requirements Upon the filing of an application and the payment of the license fee, the department shall make an investigation of each applicant and may issue a license if it finds that the applicant complies with all of the following items: (1) Has provided a detai…
La. Rev. Stat. § 22:1765 Rental vehicle insurance
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§1765. Rental vehicle insurance A. The rental company licensed pursuant to this Part may offer or sell insurance only in connection with and incidental to the rental of vehicles, whether at the rental office or by preselection of coverage in a master, corporate, individual, or gr…
La. Rev. Stat. § 22:1766 Authorized employees and agents
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§1766. Authorized employees and agents A. Any limited license issued under this Part shall also authorize any employees and any authorized agents of the limited licensee to act individually on behalf, and under the supervision, of the limited licensee with respect to the kinds of…
La. Rev. Stat. § 22:1767 Insurance charges
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§1767. Insurance charges Notwithstanding any other provision of this Part or any rule adopted by the commissioner, a limited licensee pursuant to this Part shall not be required to treat monies collected from renters purchasing such insurance when renting vehicles as funds receiv…
La. Rev. Stat. § 22:1768 Representations
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§1768. Representations No limited licensee pursuant to this Part shall advertise, represent, or otherwise hold itself or any of its employees or agents out as licensed insurers or insurance producers. Acts 1999, No. 1278, §1, eff. July 12, 1999; Redesignated from R.S. 22:2108 by …
La. Rev. Stat. § 22:177 Process
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§177. Process A. Legal process may be served upon such insurer by service upon the insurer's attorney-in-fact at the principal office of the attorney-in-fact or by service upon the secretary of state. Service of process upon an individual subscriber shall not constitute service u…
La. Rev. Stat. § 22:1770 Penalties for violations
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§1770. Penalties for violations In the event that any provision of this Part or other applicable provision of this Title is violated by a limited licensee, the commissioner may revoke, suspend, refuse to renew, or levy a fine not to exceed one thousand dollars for each violation,…
La. Rev. Stat. § 22:1771 Applicability of this Part
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§1771. Applicability of this Part All limited licensees under this Part shall be subject to all other applicable provisions of this Title unless specifically exempted by this Part. Acts 1999, No. 1278, §1, eff. July 12, 1999; Redesignated from R.S. 22:2111 by Acts 2008, No. 415, …
La. Rev. Stat. § 22:1772 Rules and regulations; promulgated by department
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§1772. Rules and regulations; promulgated by department The commissioner shall issue such rules, regulations, and directives, in accordance with the Administrative Procedure Act to implement the provisions of this Part. Acts 1999, No. 1278, §1, eff. July 12, 1999; Redesignated fr…
La. Rev. Stat. § 22:178 Share in savings
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§178. Share in savings A reciprocal insurer may from time to time return to its subscribers any savings or credits accruing to their accounts. Any such distribution shall not unfairly discriminate between classes of risks, or policies, or between subscribers. Acts 1958, No. 125; …
La. Rev. Stat. § 22:1781.1 Definitions
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§1781.1. Definitions As used in this Part, the following terms shall have the following meanings: (1) "Commissioner" means the commissioner of insurance. (2) "Customer" means a person who purchases portable electronics or services. (3) "Department" means the Department of Insuran…
La. Rev. Stat. § 22:1781.2 Licensure of vendors
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§1781.2. Licensure of vendors Notwithstanding any other provision of law to the contrary, the following requirements apply to the licensure of vendors of portable electronic devices: (1) A vendor is required to hold a limited lines license to sell or offer coverage under a policy…
La. Rev. Stat. § 22:1781.3 Requirements for sale of portable electronics insurance
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§1781.3. Requirements for sale of portable electronics insurance A. In conjunction with and at the time of the sale of every portable electronics insurance policy, the vendor shall present brochures or other written materials to a prospective customer which: (1) Disclose that por…
La. Rev. Stat. § 22:1781.4 Authority of vendors of portable electronics
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§1781.4. Authority of vendors of portable electronics A. An employee or authorized representative of a vendor may sell or offer portable electronics insurance to customers and shall not be subject to licensure as an insurance producer under this Part provided that: (1) The vendor…
La. Rev. Stat. § 22:1781.5 Suspension or revocation of license
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§1781.5. Suspension or revocation of license A. If a vendor of portable electronics or its employee or authorized representative violates any provision of this Part or any other applicable provision of this Title, the commissioner may take any one or more of the following actions…
La. Rev. Stat. § 22:1781.6 Application for license and fees
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§1781.6. Application for license and fees A. An application for a license pursuant to this Part shall be made to and filed with the commissioner on forms prescribed and furnished by the commissioner and shall include the legal name of the applicant, the address of the home office…
