Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 11 - Regulation Number 42-Group Self-Insurance Funds
Section XIII-1131 - Cease and Desist Orders and Other Penalties
Universal Citation: LA Admin Code XIII-1131
Current through Register Vol. 50, No. 9, September 20, 2024
A.
1. The
department shall have authority to issue cease and desist orders and suspend or
revoke the certificate of authority of any fund which the department determines
is not in compliance.
2. Upon
finding, after notice and opportunity for a hearing, that any person or group
has violated any cease and desist order, the commissioner may revoke the
group's certificate of authority.
B. Upon the determination that a fund failed to comply with any provision of R.S. 23:1195-1200.17, any rule or regulation promulgated by the department or orders or directives issued by the commissioner, the department may levy a fine of up to $2,000 for each violation.
AUTHORITY NOTE: Promulgated in accordance with R.S. 23:1200.1.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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