This text of Louisiana § 36:694.1 (Office of policy, innovation, and research; functions) 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.
§694.1. Office of policy, innovation, and research; functions
A. There is hereby created an office of policy, innovation, and research in the
Department of Insurance under the direction of the deputy commissioner for policy,
innovation, and research.
B. The duties and functions of the office of policy, innovation, and research and the
deputy commissioner for policy, innovation, and research shall be the following:
(1)Research and development of policy proposals relative to the following:
(a)Regulation of insurance.
(b)Prevention and detection of insurance fraud.
(c)Innovation in insurance products and technology.
(d)Availability and affordability of insurance.
(e)Healthcare and health insurance, including long-term care.
(f)Property and casualty insurance, including issues related t
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§694.1. Office of policy, innovation, and research; functions
A. There is hereby created an office of policy, innovation, and research in the
Department of Insurance under the direction of the deputy commissioner for policy,
innovation, and research.
B. The duties and functions of the office of policy, innovation, and research and the
deputy commissioner for policy, innovation, and research shall be the following:
(1) Research and development of policy proposals relative to the following:
(a) Regulation of insurance.
(b) Prevention and detection of insurance fraud.
(c) Innovation in insurance products and technology.
(d) Availability and affordability of insurance.
(e) Healthcare and health insurance, including long-term care.
(f) Property and casualty insurance, including issues related to disasters, building
codes, highway safety, and the adjustment and payment of claims.
(g) Life insurance and annuities.
(h) Development and promotion of the insurance industry in this state.
(2) Development and preparation of proposals for legislation, rules and regulations,
and other administrative actions.
(3) Participation in and liaison with the following organizations of which the
commissioner of insurance is the representative of this state:
(a) The National Association of Insurance Commissioners (NAIC).
(b) The Interstate Insurance Product Regulation Commission (IIPRC).
(c) The International Association of Insurance Supervisors (IAIS).
(4) Monitoring the activities of the following, relative to insurance regulation:
(a) Congress and federal agencies.
(b) The National Council of Insurance Legislators (NCOIL).
(c) The National Conference of State Legislatures (NCSL).
(d) Other organizations that affect the regulation of insurance.
(5) Other duties and functions assigned by the commissioner of insurance.
C. In addition to the deputy commissioner of policy, innovation, and research, the
commissioner of insurance may also employ such persons, including four unclassified
employees, as necessary to carry out the provisions of this Section.