Louisiana Statutes

§ 22:1742 — Definitions

Louisiana·Title 22 Insurance

As used in this Part, the following terms shall have the following definitions:

(1)"Client" means an employer who obtains services or all or a majority of its work force or labor from a professional employer organization.
(2)"Controlling person" means either one of the following:
(a)An officer or director of a corporation, a shareholder holding ten percent or more of the voting stock of a corporation, a general partner of a partnership, or a manager of a limited liability company.
(b)An individual who possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of a person or entity through the ownership of voting stock by written contract.
(3)"Experience rating modification" or "EMOD" means a statistical procedure approved by the commiss

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Legislative History

Acts 2001, No. 1150, §1; Acts 2007, No. 459, §4, eff. Jan. 1, 2008; Redesignated from R.S. 22:1210.52 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

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