Louisiana Administrative Code
Title 37 - INSURANCE Part
Part I - Insurance and Related Matter
Subpart 1 - Insurance and Related Matters
Chapter 5 - Billing
Section I-501 - Billing and Collection of Insurance Premiums
Current through Register Vol. 50, No. 9, September 20, 2024
A. After an agency receives a billing invoice from the Office of Risk Management for payment of insurance premiums, the agency is to render payment in full within 30 days from the billing date.
B. Every agency shall timely pay premiums billed by the Office of Risk Management. In the event any agency fails to pay any premiums due the Office of Risk Management within 120 days of the effective date of the appropriated insurance coverages, the commissioner of administration may upon request by the Office of Risk Management draw a warrant against budgeted funds of any delinquent agency directing the treasurer to pay the Office of Risk Management for the unpaid premiums. If an agency is a non-depository agency, the commissioner of administration may direct the head of such agency to render payment of insurance premiums due and owing to the Office of Risk Management.
C. All billing inquiries are to be directed to the Office of Risk Management, Accounting Unit, Accounts Receivable Section.
AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1527, et seq.
