Rulemaking Notices
Written Comment Topic: Regulation 119 – Issuance of Consent or a Waiver Pursuant to R.S. 22:1554
Deadline: October 10, 2021
Time: 4:30 p.m.
Address: Jennifer Land, Louisiana Department of Insurance, Legal Division
P.O. Box 94214, Baton Rouge, LA 70804
Description of Accepted Action: The Department of Insurance, pursuant to the authority of the Louisiana Insurance Code, R.S. 22:1 et seq., and in accordance with the Administrative Procedure Act, R.S. 49:950 et seq., gives notice of its intent to promulgate Regulation 119— Issuance of Consent or a Waiver Pursuant to R.S. 22:1554. The purpose of this regulation is to establish a procedure by which an insurance producer may request consent or a waiver to employ or to otherwise associate with his business an individual engaged in the business of insurance who has been convicted of a felony in accordance with R.S. 22:1554(A)(18), prescribe the duration and transferability of consent or a waiver issued to an insurance producer; provide for the applicability of 18 U.S.C. §1033(e)(B)(2); and provide for the penalties imposed for failure to comply with this regulation in accordance with R.S. 22:1554A.
Current Regulation: N/A
Accepted Changes: N/A
Adopted Regulation: N/A
Effective Date: Upon Publication
Notice of Intent: Regulation 119 - NOI
Rule Summary Report: Regulation 119 - Summary Report
Contact Person: Interested persons who wish to make comments may do so by writing to Jennifer Land, Staff Attorney, Louisiana Department of Insurance, P .0. Box 94214, Baton Rouge, LA 70804-9214, or by faxing comments to (225) 342-1632. Comments will be accepted through the close of business, 4:30 p.m., October 10, 2021.