§1866. Disclosure
A. It is unlawful for any person who is an officer, trustee, employee, administrator,
agent, or representative of the group self-insurance fund, as well as any person, partnership,
corporation, banking corporation, or any other legal entity which performs any service for
the group self-insurance fund, or prepares any report, audit, financial statement or report for,
or makes any representation on behalf of, for, or with regard to the group self-insurance fund,
in connection with any investigation or examination authorized by this Chapter, to act with
the specific intent to do any of the following items:
(1)Represent falsely, directly or indirectly, to the department or any employee,
trustee, or administrator of the department that an asset of the group self-insurance fun
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§1866. Disclosure
A. It is unlawful for any person who is an officer, trustee, employee, administrator,
agent, or representative of the group self-insurance fund, as well as any person, partnership,
corporation, banking corporation, or any other legal entity which performs any service for
the group self-insurance fund, or prepares any report, audit, financial statement or report for,
or makes any representation on behalf of, for, or with regard to the group self-insurance fund,
in connection with any investigation or examination authorized by this Chapter, to act with
the specific intent to do any of the following items:
(1) Represent falsely, directly or indirectly, to the department or any employee,
trustee, or administrator of the department that an asset of the group self-insurance fund is
unencumbered, or misrepresent any other material fact pertaining to the status of any asset
or liability of the group self-insurance fund.
(2) Materially misrepresent to the department, or any employee, trustee, or
administrator of the department, the value of any asset or the amount of any liability of the
group self-insurance fund, or any affiliate, subsidiary, or holding fund associated therewith,
provided that with regard to a material misrepresentation of the value of any asset or liability,
any deviation from the actual value of assets or liability which results from utilization of and
compliance with generally accepted insurance accounting and reporting procedures shall not
be deemed a violation of this Section.
(3) Fail to disclose to the department the existence of any liability of the group self-insurance fund, or affiliate, subsidiary, or holding company associated therewith, when such
disclosure is properly requested or required in writing by an examiner or administrator of the
department.
(4) Materially misrepresent, withhold, deny access to, or otherwise preclude the
obtainment of any information properly requested in writing and in accordance with
provisions of law affecting dissemination or disclosure of information by specific institutions
by an examiner or administrator of the department, which is material and relevant to an
examination properly conducted by the department and examiners and administrators of the
department.
B. Whoever violates any provision of this Section, upon conviction, shall be fined
by the court not more than fifty thousand dollars or subject to the penalties provided in R.S.
22:1924.