Title 22, Insurance
0 chapters · 2,651 sections in this title.
La. Rev. Stat. § 22:1543 License required
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§1543. License required A. No person shall act as or hold himself out to be an insurance producer unless licensed by the Department of Insurance. B. No insurance producer shall sell, solicit, make an application for, procure, negotiate for, or place for others, any policies for a…
La. Rev. Stat. § 22:1544 Exceptions to licensing; prohibitions
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§1544. Exceptions to licensing; prohibitions A. Nothing in this Subpart shall be construed to require an insurer to obtain an insurance producer license. In this Section, the term "insurer" does not include an insurer's officers, directors, employees, subsidiaries, or affiliates.…
La. Rev. Stat. § 22:1545 Examination
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§1545. Examination A. Prior to the issuance of a license by the commissioner, a resident individual shall pass an examination for each line of insurance that an applicant seeks to transact in Louisiana unless exempt pursuant to R.S. 22:1551. The examination shall test the knowled…
La. Rev. Stat. § 22:1546 Application for license
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§1546. Application for license A. A person applying for a resident insurance producer license shall make application to the commissioner of insurance on the Uniform Application and declare under penalty of refusal, suspension, or revocation of the license that the statements made…
La. Rev. Stat. § 22:1547 License
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§1547. License A. Unless denied licensure pursuant to R.S. 22:1554, persons who have met the requirements of this Subpart shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one or more of the following lines of authorit…
La. Rev. Stat. § 22:1548 Nonresident licensing
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§1548. Nonresident licensing A. Unless denied licensure pursuant to R.S. 22:1554, a nonresident person shall receive a nonresident producer license if: (1) The person is currently licensed as a resident and in good standing in his home state. (2) The person has submitted the prop…
La. Rev. Stat. § 22:1549 Specialty limited lines credit insurance
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§1549. Specialty limited lines credit insurance A.(1) A licensed insurance producer or limited line credit insurance producer may be issued a specialty limited lines credit insurance producer license pursuant to the provisions of this Section. (2) No producer shall sell, solicit,…
La. Rev. Stat. § 22:1550 Specialty limited lines motor vehicle title insurance producer licenses
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§1550. Specialty limited lines motor vehicle title insurance producer licenses A.(1) A licensed insurance producer or limited lines motor vehicle title insurance producer may be issued a specialty limited lines motor vehicle title insurance producer license pursuant to the provis…
La. Rev. Stat. § 22:1550.1 Speciality limited lines self-service storage property insurance producer licenses
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§1550.1. Speciality limited lines self-service storage property insurance producer licenses A. As used in this Section: (1) "Limited licensee" means a person authorized to sell certain coverages relating to the rental of self-service storage units pursuant to the provisions of th…
La. Rev. Stat. § 22:1551 Exemption from examination
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§1551. Exemption from examination A. An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete an examination. This exemption is available only if the pe…
La. Rev. Stat. § 22:1552 Assumed names
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§1552. Assumed names A. An insurance producer doing business under any name other than the producer's legal name is required to notify the commissioner of insurance prior to using the assumed name. Prior to the use of or changes to any trade name or names, an insurance producer s…
La. Rev. Stat. § 22:1553 Temporary licensing
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§1553. Temporary licensing A. The commissioner of insurance may issue a temporary insurance producer license for a period not to exceed one hundred eighty days without requiring an examination if the commissioner deems that the temporary license is necessary for the servicing of …
La. Rev. Stat. § 22:1554 License denial, nonrenewal, or revocation
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§1554. License denial, nonrenewal, or revocation A. The commissioner may place on probation, suspend, revoke, or refuse to issue, renew, or reinstate an insurance producer license, or may levy a fine not to exceed five hundred dollars for each violation occurring, up to ten thous…
La. Rev. Stat. § 22:1555 Liability of producers on binder
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§1555. Liability of producers on binder The commissioner of insurance may suspend or revoke the license of any producer issuing or purporting to issue any binder on behalf of any insurer for which he is not then authorized to bind. Acts 1958, No. 125; Redesignated from R.S. 22:63…
La. Rev. Stat. § 22:1556 License to solicit or transact bail; prohibited activities
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§1556. License to solicit or transact bail; prohibited activities A. A bail bond producer shall not directly or indirectly permit any person, including an employee, to sign or execute a power of attorney or to effect the undertaking of bail for the release of a defendant or to ap…
La. Rev. Stat. § 22:1557 Commissions
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§1557. Commissions A.(1) An insurer or insurance producer shall not pay, directly or indirectly, any commission, service fee, brokerage, or other valuable consideration to any person or entity for selling, soliciting, or negotiating insurance in this state unless such person or e…
La. Rev. Stat. § 22:1558 Appointments
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§1558. Appointments A.(1) An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer, except for surplus lines policies placed through licensed surplus lines brokers, surplus lines policies placed with un…
La. Rev. Stat. § 22:1559 Notification to commissioner of termination
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§1559. Notification to commissioner of termination A. An insurer or authorized representative of the insurer that terminates the appointment, employment, or contract with a producer for any reason not set forth in R.S. 22:1554, shall notify the commissioner of insurance within th…
La. Rev. Stat. § 22:1560 Reciprocity
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§1560. Reciprocity A. The commissioner of insurance shall waive any requirements for a nonresident license applicant with a valid license from his home state, except the requirements imposed by R.S. 22:1548, if the applicant's home state awards nonresident licenses to residents o…
La. Rev. Stat. § 22:1561 Non-reciprocal states or other jurisdictions
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§1561. Non-reciprocal states or other jurisdictions Whenever, by the laws or regulations of any other state or jurisdiction, any limitation of rights and privileges, conditions precedent, or any other requirements are imposed upon residents of this state who are nonresident appli…
La. Rev. Stat. § 22:1562 Prohibited acts
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§1562. Prohibited acts A.(1) No insurer or insurance producer shall pay any money or commission or brokerage, or give or allow any valuable consideration or compensation to any person or business entity not duly licensed as an insurance producer, nor to an insurer not licensed to…
La. Rev. Stat. § 22:1563 Reporting of actions
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§1563. Reporting of actions A. An insurance producer shall report to the commissioner of insurance any administrative action taken against the producer in another jurisdiction or by another governmental agency in this state within thirty days of the final disposition of the matte…
La. Rev. Stat. § 22:1564 Producers of record
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§1564. Producers of record A.(1) Any insurer which issues or delivers a policy or contract of insurance pursuant to the application or request of a producer who is not authorized to represent said insurer as a producer shall be deemed to have authorized such producer as producer …
La. Rev. Stat. § 22:1565 Other laws
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§1565. Other laws All laws and parts of laws of this state inconsistent with this Subpart are hereby superseded with respect to matters covered by this Subpart. Acts 2001, No. 158, §1, eff. Jan. 1, 2002; Redesignated from R.S. 22:1151 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:1566 Health insurance navigators; definitions
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§1566. Health insurance navigators; definitions A. As used in this Section: (1) "Commissioner" means the commissioner of insurance. (2) "Exchange" means any health benefit exchange established or operating in this state, including any exchange established or operated by the Unite…
La. Rev. Stat. § 22:1567 Producers' compensation in form of fees; commercial property and casualty insurance; criteria for policyholders
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§1567. Producers' compensation in form of fees; commercial property and casualty insurance; criteria for policyholders Notwithstanding any other provision of law to the contrary, an insurance producer may negotiate with both or either a property and casualty insurer or a commerci…
La. Rev. Stat. § 22:1568 Producer compensation for sales of health and welfare plans
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§1568. Producer compensation for sales of health and welfare plans A. A health insurance issuer shall establish one or more schedules of commission for the sale of each health insurance product by an insurance producer. Such schedules of commission shall be uniformly applied to a…
La. Rev. Stat. § 22:1569 Contract with health insurance issuer; notification
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§1569. Contract with health insurance issuer; notification A. A material change made by a health insurance issuer to the terms and conditions of a contract between the health insurance issuer and a producer shall not become effective until the health insurance issuer has delivere…
La. Rev. Stat. § 22:1570 Limitation on termination of independent insurance producers
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§1570. Limitation on termination of independent insurance producers A.(1) For the purposes of this Section, "captive insurance producer" means: (a) Any licensed insurance producer whose agency contract with an insurance company requires the insurance producer to act exclusively a…
La. Rev. Stat. § 22:1570.1 Requirement for professional liability coverage
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§1570.1. Requirement for professional liability coverage A.(1) Every insurance producer who is actively writing insurance policies in this state and is subject to the provisions of R.S. 22:1570 shall maintain professional liability insurance or an errors and omissions policy whic…
La. Rev. Stat. § 22:1571 Repealed by Acts 2022, No
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§1571. Repealed by Acts 2022, No. 273, §2, eff. June 3, 2022.
La. Rev. Stat. § 22:1572 Repealed by Acts 2009, No
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§1572. Repealed by Acts 2009, No. 485, §3, eff. Jan. 1, 2010.
La. Rev. Stat. § 22:1573 Continuing education requirements
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§1573. Continuing education requirements A. The continuing education requirements for renewal of license under R.S. 22:1547(C)(3) and 1808.4(C)(3) are set forth in this Section. The continuing education requirement shall be fulfilled by satisfactory completion of the required hou…
La. Rev. Stat. § 22:1574 Bail Bond Apprentice Program
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§1574. Bail Bond Apprentice Program A.(1) The Bail Bond Apprentice Program is hereby created. (2) The Bail Bond Apprentice Program shall be available only to persons who meet current bail bond producer licensing requirements as provided for in this Chapter and who are not sexual …
La. Rev. Stat. § 22:1575 Producer training requirements to sell long-term care insurance
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§1575. Producer training requirements to sell long-term care insurance A.(1) An individual shall not sell, solicit, or negotiate long-term care insurance unless the individual is licensed as an insurance producer for life or accident and health or sickness and has completed a one…
La. Rev. Stat. § 22:1576 Producer training requirements to sell annuity products
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§1576. Producer training requirements to sell annuity products A. An insurance producer shall not solicit the sale of an annuity product unless the insurance producer has adequate knowledge of such annuity product to make a recommendation and the insurance producer is in complian…
La. Rev. Stat. § 22:1580 Redesignated as R.S
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§1580. Redesignated as R.S. 22:342 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:1581 Regulation of bail enforcement agents
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§1581. Regulation of bail enforcement agents A. The commissioner of insurance is hereby authorized to adopt such regulations, in accordance with the Administrative Procedure Act, as are necessary to effectuate the requirements of this Subpart to regulate bail enforcement agents. …
La. Rev. Stat. § 22:1582 Definitions
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§1582. Definitions As used in this Subpart: (1) "Bail enforcement" means the apprehension or surrender of a person who is released on bail or who has failed to appear at any stage of the proceedings to answer the charge before the court in which he may be prosecuted. (2) "Bail en…
La. Rev. Stat. § 22:1583 Licensing and fees
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§1583. Licensing and fees Except as provided by the regulations authorized in this Subpart, bail enforcement agents shall be subject to the same licensing and fee requirements as bail bond producers. Acts 1999, No. 1037, §1; Redesignated from R.S. 22:1514.2 by Acts 2008, No. 415,…
La. Rev. Stat. § 22:1584 Bail bond producers; prohibitions; penalties
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§1584. Bail bond producers; prohibitions; penalties A. A bail bond producer may not engage in any of the following prohibited acts: (1) Pay a fee or rebate or give or promise anything of value to a jailer, police officer, peace officer, or committing magistrate or any other perso…
La. Rev. Stat. § 22:1585 Surrender for nonpayment of premium
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§1585. Surrender for nonpayment of premium A. Before a breach of an undertaking occurs, a surety or bail bond producer may surrender a defendant, or the defendant may surrender himself, to the official to whose custody the defendant was committed at the time the bail was given. T…
La. Rev. Stat. § 22:1586 Prohibited actions of bail enforcement agents; liability
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§1586. Prohibited actions of bail enforcement agents; liability A. The commissioner may, in his discretion, determine that no prohibited act committed by a licensed bail enforcement agent contracted with a bail bond agency or producer may serve as the sole basis for the suspensio…
La. Rev. Stat. § 22:1587 Possession of a firearm; permit required
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§1587. Possession of a firearm; permit required A. Any bail enforcement agent who carries a concealed firearm is subject to the concealed handgun permit requirements of this state as provided in R.S. 40:1379.3. B.(1) Any person or entity that violates the provisions of Subsection…
La. Rev. Stat. § 22:1591 Short title
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§1591. Short title This Subpart may be cited as the "Financial Institution Insurance Sales Law". Acts 1997, No. 1475, §2, eff. July 15, 1997; Redesignated from R.S. 22:3051 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2011, No. 94, §1, eff. Jan. 1, 2012.
La. Rev. Stat. § 22:1592 Purpose
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§1592. Purpose The legislature hereby declares that the purpose of this Subpart is to regulate the business of insurance in Louisiana and to protect the interests of insurance policyholders in this state. Acts 1997, No. 1475, §2, eff. July 15, 1997; Redesignated from R.S. 22:3052…
La. Rev. Stat. § 22:1593 Definitions
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§1593. Definitions A. For the purposes of this Subpart: (1) "Financial institution" means a state or national bank or branch thereof which accepts federally insured deposits or makes loans from a place of business located in the state of Louisiana or any subsidiary or employee th…
La. Rev. Stat. § 22:1594 Applicability
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§1594. Applicability The provisions of this Subpart shall not apply to the following: (1) Any credit insurance, a specialized form of insurance designed to protect the bank's or borrower's interests in loan transactions, including but not limited to credit life insurance, credit …
La. Rev. Stat. § 22:1595 Authorization for implementing regulations
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§1595. Authorization for implementing regulations The commissioner of insurance shall have the authority to promulgate rules and regulations in accordance with the authority granted by the Administrative Procedure Act as may be necessary to effectuate the provisions of this Subpa…
La. Rev. Stat. § 22:1596 Licensure requirement
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§1596. Licensure requirement Any solicitation for the purchase or sale of any insurance product by any person, including a financial institution, its employees or agents, shall be conducted only by persons who have complied with all applicable state insurance licensing and appoin…