§ 22:1906 — Acting as agent for unauthorized insurer prohibited

Louisiana § 22:1906

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

§1906. Acting as agent for unauthorized insurer prohibited
A. No person shall act in this state as agent for any insurer not authorized to do
business in this state. No person shall negotiate for or place or aid in placing insurance
coverage or aid in effecting insurance or in transacting an insurance business either by fixing
rates, adjusting or investigating losses, inspecting or examining risks, acting as
attorney-in-fact or attorney for service of process or otherwise for any insurer not authorized
to do business in this state, nor shall any person so act as an agent for another who is an
applicant for insurance covering any property or risk in another state, territory, or district of
the United States with any insurer not authorized to transact business in such state, territory,
or district, wherein the property or risk is located.
B. The provisions of this Section do not apply to contracts of reinsurance, nor do
they apply to an insurer not authorized in this state or its representatives in investigating and
adjusting losses or otherwise complying in this state with the terms of its insurance contracts
made in a state wherein the insurer was authorized and in which the property or risk was
located or residing at the time of the execution of the contract. Furthermore, the provisions
of this Section do not apply to agents representing any unauthorized insurer solely for the
purpose of operating a workers' compensation claims office pursuant to R.S. 23:1161.1.
NOTE: Former R.S. 22:1906 redesignated as R.S. 22:387 by Acts 2008, No.
415, §1, eff. Jan. 1, 2009.

Legislative History

Acts 1990, No. 885, §1; Redesignated from R.S. 22:1252 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.