Title 22, Insurance
0 chapters · 2,651 sections in this title.
La. Rev. Stat. § 22:1597 Sales force
1.0K chars
§1597. Sales force The solicitation of a customer of a financial institution for the purchase or sale of insurance shall not be conducted by any natural person directly responsible for making a specific loan or extension of credit to that customer before such time as the final de…
La. Rev. Stat. § 22:1598 Referrals
1.9K chars
§1598. Referrals A. Any person who is not licensed to sell insurance may refer a customer to a person, or the telephone number of a person, who sells or provides opinions or advice on any insurance product. B. Any compensation received by the person making a referral provided for…
La. Rev. Stat. § 22:1599 Insurance as a condition to service
1.7K chars
§1599. Insurance as a condition to service A. A financial institution shall not in any manner extend credit, lease, or sell property of any kind, or furnish any service, or fix or vary the consideration for any of the foregoing, on the condition or requirement that the customer s…
La. Rev. Stat. § 22:16 Failure to comply with written orders or directives; penalties
0.9K chars
§16. Failure to comply with written orders or directives; penalties If any insurance company or rating organization fails to comply with a written directive or order issued by the commissioner of insurance pursuant to this Subpart within thirty days of the issuance thereof, the c…
La. Rev. Stat. § 22:1600 Disclosure; required
1.3K chars
§1600. Disclosure; required A. At the time a written application for insurance is made, the financial institution shall obtain a separate written statement, signed by the customer, acknowledging that the customer has received and understands the following disclosures: (1) - (3) R…
La. Rev. Stat. § 22:1601 Physical location of loan and insurance activities
0.5K chars
§1601. Physical location of loan and insurance activities If the financial institution solicits the purchase of insurance from a customer who is applying for a loan or extension of credit, the insurance solicitation shall be conducted in an area physically separate and distinct f…
La. Rev. Stat. § 22:1602 Insurance in connection with a loan
0.6K chars
§1602. Insurance in connection with a loan A. If insurance is required as a condition of obtaining a loan, the credit and insurance transactions shall be completed independently and through separate documents. B. A loan for premiums on required insurance shall not be included in …
La. Rev. Stat. § 22:1603 No discrimination against non-affiliated producers
0.9K chars
§1603. No discrimination against non-affiliated producers No financial institution may: (1) Offer a banking product or service, or fix or vary the conditions of such offer, on a condition or requirement that the customer obtain insurance from any particular producer. (2) In conne…
La. Rev. Stat. § 22:1604 Customer privacy; protections
2.0K chars
§1604. Customer privacy; protections A. As used in this Section, unless the context requires otherwise: (1) "Customer" means a person with an investment security, deposit, trust, or credit relationship with a financial institution. (2) "Nonpublic customer information" means infor…
La. Rev. Stat. § 22:1605 Unfair trade practice
0.5K chars
§1605. Unfair trade practice Failure to comply with any of the provisions of this Subpart shall be an unfair method of competition and an unfair or deceptive act or practice subject to regulation by the commissioner of insurance as provided by law, including R.S. 22:1554 and 1967…
La. Rev. Stat. § 22:161 Scope of Subpart
0.5K chars
§161. Scope of Subpart A. This Subpart shall apply to all reciprocal insurers organized or authorized to transact business in this state. B. As used in this Subpart, "subscriber" means the participant or policyholder; "attorney-in-fact" means the representative of the subscribers…
La. Rev. Stat. § 22:162 Subscribers
0.5K chars
§162. Subscribers Any person, partnership, private corporation, board, association, estate, trustee, or fiduciary may be a subscriber of a reciprocal insurer. All reciprocal or inter-insurance contracts exchanged among such subscribers shall be executed by an attorney-in-fact com…
La. Rev. Stat. § 22:162.1 Redesignated as R.S
0.1K chars
§162.1. Redesignated as R.S. 22:752 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:1621 Title
0.2K chars
§1621. Title This Part shall be known and may be cited as the "Managing General Agents Law". Acts 1990, No. 265, §1, eff. midnight Dec. 31, 1991; Redesignated from R.S. 22:1201 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:1622 Definitions
2.7K chars
§1622. Definitions As used in this Part, unless the context requires otherwise, the following definitions shall be applicable: (1) "Actuary" means a person who is a member in good standing of the American Academy of Actuaries. (2) "Commissioner" means the commissioner of insuranc…
La. Rev. Stat. § 22:1623 Licensure; registration
2.8K chars
§1623. Licensure; registration A. A person shall not act in the capacity of an MGA with respect to risks located in this state for an insurer licensed in this state unless such person is a licensed producer in this state. B. A person shall not act in the capacity of an MGA repres…
La. Rev. Stat. § 22:1624 Required contract provisions
5.5K chars
§1624. Required contract provisions A. No person acting in the capacity of an MGA shall place business with an insurer unless there is in force a written contract between the parties which sets forth the responsibilities of each party and, when both parties share responsibility f…
La. Rev. Stat. § 22:1625 Duties of insurers
3.9K chars
§1625. Duties of insurers A. If an insurer has an MGA who writes more than five percent of its policyholder surplus, the insurer shall provide to the commissioner, upon his request, financial data by an independent examiner concerning that insurer's book of business which is in q…
La. Rev. Stat. § 22:1626 Examination authority; account reports; financial examinations; required notices to
0.7K chars
§1626. Examination authority; account reports; financial examinations; required notices to department A. The acts of the MGA are considered to be the acts of the insurer on whose behalf it is acting. An MGA may be examined as if it were the insurer. B. As the commissioner conside…
La. Rev. Stat. § 22:1627 Penalties; suspension, revocation, fines, and liabilities
1.1K chars
§1627. Penalties; suspension, revocation, fines, and liabilities A. If the commissioner finds that any person has violated any provision of this Part, the commissioner may order: (1) For each separate violation, a fine in an amount of five thousand dollars. (2) Revocation or susp…
La. Rev. Stat. § 22:1628 Duties of managing general agents
1.9K chars
§1628. Duties of managing general agents A. At least once each calendar quarter, an MGA shall submit an account report to each insurer with whom the MGA has a contract and include in the report, as applicable, a statement of all of the following: (1) Written, earned, and unearned…
La. Rev. Stat. § 22:1629 Rules and regulations
0.2K chars
§1629. Rules and regulations The commissioner may promulgate and adopt rules and regulations, in accordance with the Administrative Procedure Act, that are necessary to effectuate the provisions of this Part. Acts 2024, No. 488, §1.
La. Rev. Stat. § 22:163 Name; suits
0.7K chars
§163. Name; suits A reciprocal insurer shall: (1) Have and use a business name, which shall include the words "Reciprocal" or "Inter-Insurance Exchange" or "Underwriters" or "Underwriting" or be supplemented by the words "A Reciprocal" or "An Inter-Insurance Exchange." Such name …
La. Rev. Stat. § 22:164 Insuring powers
0.6K chars
§164. Insuring powers A. A reciprocal insurer may be authorized to exchange contracts covering any kind or kinds of insurance defined by this Code, other than life or title insurance. B. A reciprocal insurer may purchase reinsurance upon the risk of any subscriber, and may grant …
La. Rev. Stat. § 22:1641 Definitions
6.3K chars
§1641. Definitions As used in this Part, unless the context requires otherwise, the following definitions shall be applicable: (1) "Administrator" or "third-party administrator" or "TPA" means any person, except an employee of a fund or plan that serves as an administrator, who d…
La. Rev. Stat. § 22:1642 Necessity of written agreement
1.5K chars
§1642. Necessity of written agreement A. No administrator shall act as such without a written agreement between the administrator and the insurer and such written agreement shall be retained as part of the official records of both the insurer and the administrator for the duratio…
La. Rev. Stat. § 22:1643 Payment to administrator
0.8K chars
§1643. Payment to administrator If an insurer utilizes the services of an administrator, the payment to the administrator of any premiums or charges for insurance by or on behalf of the insured party shall be deemed to have been received by the insurer, and the payment of return …
La. Rev. Stat. § 22:1644 Maintenance of information
1.9K chars
§1644. Maintenance of information A. Every administrator shall maintain and make available to the insurer complete books and records of all transactions performed on behalf of the insurer. The books and records shall be maintained in accordance with prudent standards of insurance…
La. Rev. Stat. § 22:1645 Insurer; underwriting; advertisement
0.3K chars
§1645. Insurer; underwriting; advertisement An administrator may use only such advertising pertaining to the business underwritten by an insurer that has been approved in writing by the insurer in advance of its use. Acts 1993, No. 144, §1; Redesignated from R.S. 22:3035 by Acts …
La. Rev. Stat. § 22:1646 Duties of the insurer
1.1K chars
§1646. Duties of the insurer A. If an insurer utilizes the services of an administrator, the insurer shall be responsible for determining the benefits, premium rates, underwriting criteria, and claims payment procedures applicable to such coverage and for securing reinsurance, if…
La. Rev. Stat. § 22:1647 Premium collection and payment of claims
2.5K chars
§1647. Premium collection and payment of claims A. All insurance charges or premiums or plan contributions collected by an administrator on behalf of or for an insurer or insurers, and the return of premiums received from that insurer or insurers, shall be held by the administrat…
La. Rev. Stat. § 22:1648 Administrator; compensation
0.8K chars
§1648. Administrator; compensation A. An administrator shall not enter into any agreement or understanding with an insurer in which the effect is to make the amount of the administrator's commissions, fees, or charges contingent upon savings effected in the adjustment, settlement…
La. Rev. Stat. § 22:1649 Notice to covered individuals; disclosure of charges and fees
1.0K chars
§1649. Notice to covered individuals; disclosure of charges and fees A. When the services of an administrator are utilized, the administrator shall provide a written notice approved by the insurer to covered individuals advising them of the identity of, and relationship among, th…
La. Rev. Stat. § 22:165 Minimum application and surplus requirements
2.4K chars
§165. Minimum application and surplus requirements A. A domestic reciprocal insurer, if it has otherwise complied with the provisions of this Code, may be authorized to exchange contracts of insurance in this state upon qualifying therefor and by having initial minimum assets as …
La. Rev. Stat. § 22:1650 Coverage; notice to individuals
0.4K chars
§1650. Coverage; notice to individuals Any policies, certificates, booklets, termination notices, or other written communications delivered by the insurer to the administrator for delivery to insured parties or covered individuals shall be delivered by the administrator promptly,…
La. Rev. Stat. § 22:1651 Licensure required
7.4K chars
§1651. Licensure required A. No person shall act as, or offer to act as, or hold himself out to be an administrator in this state without a valid license as an administrator issued by the commissioner. The commissioner may impose a fine of five thousand dollars per violation agai…
La. Rev. Stat. § 22:1652 Waiver of application for certification
0.6K chars
§1652. Waiver of application for certification Upon request from an administrator, the commissioner may waive the application requirements in this Part if the administrator has a valid license as an administrator issued in a state which has standards for administrators that are a…
La. Rev. Stat. § 22:1653 Annual report; filing fee
0.8K chars
§1653. Annual report; filing fee A. Each administrator shall file an annual report for the preceding calendar year with the commissioner on or before March first of each year, or within such extension of time therefor as the commissioner may grant for good cause. The report shall…
La. Rev. Stat. § 22:1654 Grounds for denial, suspension, or revocation of license
3.3K chars
§1654. Grounds for denial, suspension, or revocation of license A. The commissioner shall suspend or revoke the license of an administrator, deny the application for a license, or, in lieu thereof, impose a fine for each separate violation not to exceed five thousand dollars per …
La. Rev. Stat. § 22:1655 Rules and regulations
0.2K chars
§1655. Rules and regulations The commissioner may adopt those rules and regulations as are necessary to implement this Chapter. Acts 1993, No. 144, §1; Redesignated from R.S. 22:3045 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:1656 Confidentiality; documents, information
0.8K chars
§1656. Confidentiality; documents, information The terms and conditions of any contract between an administrator and an insurer, except for the identity of the contracting parties, and such other proprietary information as specifically identified by the administrator shall be giv…
La. Rev. Stat. § 22:1657 Pharmacy benefit managers
1.9K chars
§1657. Pharmacy benefit managers A. A pharmacy benefit manager shall be deemed to be a third-party administrator for purposes of this Part. As such, all provisions of this Part shall apply to pharmacy benefit managers; however, notwithstanding the provisions of R.S. 22:1651(F), e…
La. Rev. Stat. § 22:1657.1 Repealed by Acts 2025, No
0.1K chars
§1657.1. Repealed by Acts 2025, No. 474, §4, eff. June 20, 2025.
La. Rev. Stat. § 22:166 Power of attorney
1.6K chars
§166. Power of attorney A. The rights and powers of the attorney-in-fact of a reciprocal insurer shall be as provided in the power of attorney or other authority of the attorney-in-fact given it by the subscribers, which shall be set forth: (1) The powers of and the general servi…
La. Rev. Stat. § 22:1660.1 Short title; definitions
0.8K chars
§1660.1. Short title; definitions A. This Part may be cited as the "Louisiana Pharmacy Services Administrative Organization Licensing Act". B. As used in this Part, the following definitions apply: (1) "Pharmacy services administrative organization" means an entity that provides …
La. Rev. Stat. § 22:1660.2 Licensing requirements
4.4K chars
§1660.2. Licensing requirements A. No person shall act as, or offer to act as, or hold himself out to be a pharmacy services administrative organization in this state without a valid license as a pharmacy services administrative organization issued by the commissioner of insuranc…
La. Rev. Stat. § 22:1660.3 Annual report; filing fee
0.8K chars
§1660.3. Annual report; filing fee A. Each pharmacy services administrative organization shall file an annual report for the preceding calendar year with the commissioner on or before March first of each year, or within such extension of time as the commissioner may grant for goo…
La. Rev. Stat. § 22:1660.4 Grounds for denial, suspension, or revocation of license
2.8K chars
§1660.4. Grounds for denial, suspension, or revocation of license A. The commissioner shall suspend or revoke the license of a pharmacy services administrative organization, deny the application for a license, or, in lieu thereof, impose a fine for each separate violation not to …
La. Rev. Stat. § 22:1660.5 Maintenance of information; exceptions
0.5K chars
§1660.5. Maintenance of information; exceptions The commissioner may access the books and records maintained by a pharmacy services administrative organization for the purposes of examination, audit, and inspection. The commissioner shall keep any trade secrets contained in such …
La. Rev. Stat. § 22:1660.6 Examination authority
0.3K chars
§1660.6. Examination authority The commissioner may cause an examination, as prescribed by the provisions of Chapter 8 of this Title, of any pharmacy services administrative organization when in the opinion of the commissioner it is necessary for such an examination to be made. A…