Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 177 - Regulation Number 119-Issuance of Consent or a Waiver Pursuant to R.S. 22:1554
Section XIII-17701 - Purpose

Universal Citation: LA Admin Code XIII-17701

Current through Register Vol. 50, No. 9, September 20, 2024

A. The purpose of this regulation is to establish a procedure by which an insurance producer may request consent or a waiver to employ or to otherwise associate with his business an individual engaged in the business of insurance who has been convicted of a felony in accordance with R.S. 22:1554(A)(18), prescribe the duration and transferability of consent or a waiver issued to an insurance producer; provide for the applicability of 18 U.S.C. § 1033(e)(B)(2); and provide for the penalties imposed for failure to comply with this regulation in accordance with R.S. 22:1554 A.

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:1554, and the Administrative Procedure Act, R.S. 49:950 et seq.

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