Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 19 - Regulation 46-Long-Term Care Insurance
Section XIII-1967 - Penalties (Formerly section 1959)
Universal Citation: LA Admin Code XIII-1967
Current through Register Vol. 50, No. 9, September 20, 2024
A. In addition to any other penalties provided by the law, any insurer and any producer found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to three times the amount of any commissions paid for each policy involved in the violation or up to $10,000, whichever is greater.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:1186(A), 22:1186(E), 22:1188(C), 22:1189, and 22:1190.
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