This text of Louisiana § 22:1471 (Advisory organizations) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§1471. Advisory organizations
A. Every group, association, or other organization of insurers, whether located within
or outside this state, which assists insurers which make their own filings or rating
organization or any division in rate making, by the collection and furnishing of loss or
expense statistics or by the submission of recommendations, but which does not make filings
under this Subpart, shall be known as an advisory organization.
B. Every advisory organization shall file with the commissioner of insurance each
of the following:
(1)a copy of its constitution, its articles of agreement or association, or its
certificate of incorporation and of its bylaws, rules, and regulations governing its activities.
(2)a list of its members.
(3)the name and address of a resident of this s
Free access — add to your briefcase to read the full text and ask questions with AI
§1471. Advisory organizations
A. Every group, association, or other organization of insurers, whether located within
or outside this state, which assists insurers which make their own filings or rating
organization or any division in rate making, by the collection and furnishing of loss or
expense statistics or by the submission of recommendations, but which does not make filings
under this Subpart, shall be known as an advisory organization.
B. Every advisory organization shall file with the commissioner of insurance each
of the following: (1) a copy of its constitution, its articles of agreement or association, or its
certificate of incorporation and of its bylaws, rules, and regulations governing its activities.
(2) a list of its members. (3) the name and address of a resident of this state upon whom
notices or orders of the commissioner, or process issued at the direction of the commissioner
may be served. and (4) an agreement that the commissioner may examine such advisory
organization in accordance with the provisions of Chapter 8 of this Title.
C. If after a public hearing, the commissioner of insurance finds that the furnishing
of such information or assistance involves any act or practice which is unfair or unreasonable
or otherwise inconsistent with the provisions of this Subpart, the commissioner shall issue
a written order specifying in what respects such act or practice is unfair or unreasonable or
otherwise inconsistent with the provisions of this Subpart, and requiring the discontinuance
of such act or practice.
D. No insurer which makes its own filings nor any rating organization shall support
its filings by statistics or adopt rate-making recommendations, furnished to it by an advisory
organization which has not complied with this Section or with an order of the commissioner
of insurance involving such statistics or recommendations issued under Subsection C of this
Section. If the commissioner finds such insurer or advisory organization to be in violation
of this Subsection, he may issue an order requiring the discontinuance of such violation.
E. An aggrieved party affected by the commissioner's decision, act, or order may
demand a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq.
NOTE: Former R.S. 22:1471 redesignated as R.S. 22:1336 by Acts 2008,
No. 415, §1, eff. Jan. 1, 2009.
Acts 1958, No. 125. Amended by Acts 1960, No. 296, §1; Acts 2003, No. 456, §1;
Acts 2007, No. 459, §4, eff. Jan. 1, 2008; Redesignated from R.S. 22:1413 by Acts 2008, No.
415, §1, eff. Jan. 1, 2009; Acts 2009, No. 317, §1; Acts 2010, No. 703, §1, eff. Jan. 1, 2011.