§ 47:1922 — Creation of assessors' insurance fund and committee with authority to contract for

Louisiana § 47:1922

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§1922. Creation of assessors' insurance fund and committee with authority to contract for
group insurance; payment of premiums
A.(1) There is hereby created an Assessors' Insurance Fund for the assessors and
assessors' employees throughout the state and a public corporation to be known as the
"Insurance Committee of the Assessors' Insurance Fund". This committee shall be vested
with the power to administer the Assessors' Insurance Fund, to sue and be sued, to bid for,
then contract for and pay premiums for group life and accidental death and dismemberment
insurance and group health, accident, dental, hospital, surgical, and other medical expense
insurance for the assessors, assessors' employees, and dependents of the assessors and
assessors' employees as provided in this Section with any insurance company legally
authorized to do business in this state.
(2) The committee shall take bids at least every two years from any agent or
company authorized to do business in the state who wishes to bid on the group insurance
program.
B. The committee shall carry a blanket fidelity insurance policy covering members
of the committee and employees handling the money of the fund and shall pay the premium
therefor out of the fund or out of the administrative fee charged the assessors for
administering said fund.
C. The Insurance Committee shall be required to deposit all monies received by it
in a bank or banks, where such deposits are secured under the Federal Insurance Plan to the
extent thereof and the balance by collateral in like amount posted as directed by the
committee. The committee shall pay from said funds all premiums when due for group
insurance for the assessors and assessors' employees insured under the group contracts herein
provided for.
D. The committee shall keep an accurate record of insurance coverage of each
insured member, receipts and disbursements, and to file an annual report to the assessors,
showing a list of the insured and a summary of the receipts and expenditures for the year.
E.(1) The committee shall be composed of twelve members elected as follows:
(a) One member elected by the members of each of the eight districts established by
the Louisiana Assessors' Association. A board member shall be elected by the members of
each district for a two-year term. A member of the committee shall be elected from the even-numbered districts in even-numbered years and from odd-numbered districts in odd-numbered years. Each district electing a member of the committee shall sign a letter to be
mailed to the president of the association prior to December fifteenth indicating the district
held an election and the name of the person elected to represent the district.
(b) Two members who shall be retired members of the Louisiana Assessors'
Insurance Fund elected by ballot every two years by the retired members of the Louisiana
Assessors' Insurance Fund.
(c) Two assessor employee representatives who are members of the Louisiana
Assessors' Insurance Fund elected by ballot every two years by the employees who are
members of the Louisiana Assessors' Insurance Fund.
(d) The term of each member shall begin on January first following the date of
election.
(e) Nominations for representatives of retired persons and assessor employees shall
be made by the committee.
(2) The initial election for each of the twelve committee members in Paragraph (1)
of this Subsection shall be held in 2003. The members elected from even-numbered districts
in 2003 shall serve three-year terms. Thereafter, elections shall be held as provided in this
Subsection.
F. Vacancies on the committee shall be filled within sixty days in the same manner
as the original members.
{{NOTE: See Acts 1990, No. 419, §2, for initial appointments of new
members.}}

Legislative History

Acts 1958, No. 24, §1; Acts 1970, No. 72, §1; Acts 1990, No. 419, §1, eff. July 18, 1990; Acts 1992, No. 577, §1; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 1, 1994; Acts 2003, No. 443, §1, eff. June 20, 2003; Acts 2020, No. 42, §1.