Louisiana § 22:691.58 Sanctions

Louisiana Statutes

§ 22:691.58 — Sanctions

Louisiana § 22:691.58

Title 22Insurance

This text of Louisiana § 22:691.58 (Sanctions) 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.

Bluebook

La. Stat. Ann. § 22:691.58 (2026).

Text

§691.58. Sanctions
Any insurer failing, without just cause, to timely file the CGAD as required by this
Subpart shall be required, after notice and an opportunity to be heard, to pay a penalty of one
hundred dollars for each day's delay, to be recovered by the commissioner and the penalty
so recovered shall be deposited upon receipt in the state treasury. The maximum penalty
under this Section shall be ten thousand dollars. The commissioner may reduce the penalty
if the insurer demonstrates to the commissioner that the imposition of the penalty would
constitute a financial hardship to the insurer.

Free access — add to your briefcase to read the full text and ask questions with AI

§691.58. Sanctions
Any insurer failing, without just cause, to timely file the CGAD as required by this
Subpart shall be required, after notice and an opportunity to be heard, to pay a penalty of one
hundred dollars for each day's delay, to be recovered by the commissioner and the penalty
so recovered shall be deposited upon receipt in the state treasury. The maximum penalty
under this Section shall be ten thousand dollars. The commissioner may reduce the penalty
if the insurer demonstrates to the commissioner that the imposition of the penalty would
constitute a financial hardship to the insurer.