Louisiana Administrative Code
Title 37 - INSURANCE
Part XI - Rules
Chapter 23 - Rule 13-Special Assessment to Pay the Cost of Investigation, Enforcement, and Prosecution of Insurance Fraud
Section XI-2311 - Fines
Universal Citation: LA Admin Code XI-2311
Current through Register Vol. 50, No. 3, March 20, 2024
A. The Commissioner of Insurance may levy a fine on any insurer who fails to pay the fee assessed pursuant to this Section when due. Such fine shall not exceed five percent of the fee per month; however, no fine shall be less than $100 per month.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2, R.S. 40:1428 and R.S. 40:1429.
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