Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 77 - Regulation 28-Variable Contract Regulation
Section XIII-7701 - Definition

Universal Citation: LA Admin Code XIII-7701
Current through Register Vol. 50, No. 9, September 20, 2024

Company-any insurer which possesses a certificate of authority to conduct life insurance business or annuity business in the state of Louisiana.

Contract on a Variable Basis or Variable Contract-any policy or contract which provides for annuity benefits which may vary according to the investment experience of any separate account or accounts maintained by the insurer as to such policy or contract, as provided for in R.S. 22: 781.

Producer-any person, corporation, partnership, or other legal entity which, under the laws of this state, is licensed as an insurance producer.

Variable Contract Producer-a producer who shall sell or offer to sell any contract on a variable basis.

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:1500 of the Revised Statutes of 1950.

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