§ 22:1808.5 — Nonresident licensing

Louisiana § 22:1808.5

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

§1808.5. Nonresident licensing
A. Unless denied licensure pursuant to R.S. 22:1808.8, a nonresident person shall
receive a nonresident consultant license if:
(1) The person is currently licensed as a resident for an equivalent license and in
good standing in his home state.
(2) The person has submitted the proper request for licensure and has paid the fees
required by R.S. 22:821.
(3) The person has submitted or transmitted to the commissioner of insurance the
application for licensure that the person submitted to his home state.
(4) The person's home state awards nonresident consultant licenses to residents of
this state on the same basis.
B.(1) The commissioner of insurance may verify the consultant's licensing status
through the consultant database maintained by the National Association of Insurance
Commissioners, its affiliates, or subsidiaries.
(2) Whenever, by the laws or regulations of any other state or jurisdiction, any
limitation of rights and privileges, conditions precedent, or any other requirements are
imposed upon residents of this state who are nonresident applicants or licensees of such other
state or jurisdiction in addition to, or in excess of, those imposed on nonresidents pursuant
to this Part, the same requirements shall be imposed upon such residents of such other state
or jurisdiction.
(3)(a) The commissioner of insurance shall not issue a license to any nonresident
applicant until such applicant has filed forms approved by the commissioner which designate
the commissioner as his true and lawful agent, upon whom may be served all lawful process
in any action, suit, or proceeding instituted by or on behalf of any interested person arising
out of the applicant's insurance business in this state. The designation shall constitute an
agreement that such service of process has the same legal force and validity as personal
service of process upon the person in the state.
(b) The service of process upon any such licensee in any action or proceeding in any
court of competent jurisdiction may be made by a party serving the commissioner of
insurance with appropriate copies thereof and the payment to him of the fee authorized by
R.S. 22:821.
(c) The commissioner of insurance shall, within ten days of being served, forward
a copy of such process by registered or certified mail, return receipt requested, to the licensee
at his last known address of record or principal place of business, and the commissioner shall
maintain copies of all such processes so served upon him.
(4) The service of process upon any such licensee in any action or proceeding
instituted by the commissioner of insurance pursuant to this Part shall be made by the
commissioner by mailing such process by registered or certified mail, return receipt
requested, to the licensee at his last known address of record or principal place of business.
C. A nonresident consultant who moves from one state to another state or a resident
consultant who moves from this state to another state shall file a change of address and
provide certification from the new resident state within thirty days of the change of legal
residence. No fee or license application is required.

Legislative History

Acts 2016, No. 312, §1.