Louisiana § 22:1626 Examination authority; account reports; financial examinations; required notices to

Louisiana Statutes

§ 22:1626 — Examination authority; account reports; financial examinations; required notices to

Louisiana·Title 22 Insurance

§1626. Examination authority; account reports; financial examinations; required notices to department

A.The acts of the MGA are considered to be the acts of the insurer on whose behalf it is acting. An MGA may be examined as if it were the insurer.

B.As the commissioner considers necessary, an MGA shall submit to an examination by the commissioner of the MGA's financial condition.

C.The MGA shall pay the examination expenses in an amount that the commissioner certifies as just and reasonable.

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§1626. Examination authority; account reports; financial examinations; required notices to
department
A. The acts of the MGA are considered to be the acts of the insurer on whose behalf
it is acting. An MGA may be examined as if it were the insurer.
B. As the commissioner considers necessary, an MGA shall submit to an
examination by the commissioner of the MGA's financial condition.
C. The MGA shall pay the examination expenses in an amount that the
commissioner certifies as just and reasonable.

Louisiana § 22:1626 (Examination authority; account reports; financial examinations; required notices to) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 1990, No. 265, §1, eff. midnight Dec. 31, 1991; Redesignated from R.S. 22:1206 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2024, No. 488, §1.