General provisions: commissioner's rules, penalties, discrimination prohibited, policyholder bill of rights, kinds of insurance and insurer types, certificate of authority, books and records of domestic insurer

What this document is

Louisiana Insurance Code Title 22, Chapter 1 (selected) - general provisions: commissioner's rules, penalties, discrimination prohibited, policyholder bill of rights, kinds of insurance and insurer types, certificate of authority, books and records of domestic insurer is a state statute published by Louisiana State Legislature (legis.la.gov), Louisiana Revised Statutes. It is one of the Louisiana documents that insurance license exam questions are written from, including louisiana property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• La. R.S. 22:11(C)(5)(b) (Emergency rules; postponement of cancellation or nonrenewal)

  “Any temporary postponement of cancellation or nonrenewal pursuant to Subparagraph (1)(c) of this Subsection shall not remain in effect beyond sixty days unless presented by the commissioner to the Senate Insurance Committee and House Insurance Committee for review and approval by either committee...”

• La. R.S. 22:23(B)(4) (Exclusive use of expirations; terminated agency contract)

  “When the agency contract is terminated and the insurance company is required by law to continue coverage for the insured; however, in that event, the insurance company shall continue to pay the producer commissions on such policies that the company is required to renew during the thirty-six month...”

• La. R.S. 22:65(11)(a) (Application for certificate of authority; actuarial reserves analysis)

  “If a property or casualty insurer, an agreement, at least three consecutive years in duration, signed by its president engaging an independent qualified actuary as defined in the National Association of Insurance Commissioners Quarterly and Annual Statement Instructions”

• La. R.S. 22:68(B) (Books and records of domestic insurer; preservation period)

  “At a minimum all such original records shall be maintained for the period commencing on the first day following the last period examined by the commissioner through the subsequent examination period, or five years, whichever is greater. Such original records may, however, be kept and maintained...”

• La. R.S. 22:35(A)-(B) (Discrimination; failure to provide coverage; fine)

  “No insurer shall refuse to issue or fail to renew any policy or contract of property and casualty insurance to a person or business, solely because of the race of the applicant or the economic condition of the area in which the property sought to be insured is located, unless such refusal to issue...”

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• La. R.S. 22:1964: Methods, acts, and practices defined as unfair or deceptiveState statute
• La. R.S. Title 22, insurance contract and standard policy provisions: 22:861, 862, 863, 865, 866, 867, 884, 931, 942, 951 and 977State statute
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• Louisiana Insurance Code - The Insurance Contract; Provisions Applicable to All Insurers (La. R.S. 22:851 through 22:890)State statute
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