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-17711 - Applicability of 18 U.S.C. Section 1033
Current through Register Vol. 50, No. 9, September 20, 2024
A. An individual who has been convicted of a felony involving dishonesty or breach of trust shall be required to request written consent from the commissioner to engage in the business of insurance or participate in such business pursuant to 18 U.S.C. § 1033(e)(B)(2).
B. The employing insurance producer of an individual who obtained written consent pursuant to 18 U.S.C. § 1033(e)(B)(2) is required to obtain a waiver pursuant to R.S. 22:1554(A)(18). However, an employer is not required to submit the documents enumerated in §17707.B.5 of Regulation 119 if the employee has an active license in this state.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:1554, and the Administrative Procedure Act, R.S. 49:950 et seq.
