Louisiana Revised Statutes 22:1665 – Resident license
Terms Used In Louisiana Revised Statutes 22:1665
- Adjuster: means an individual who investigates or adjusts losses on behalf of an insurer as an independent contractor or as an employee of:
(a) An adjustment bureau;
(b) An association;
(c) A property and casualty producer;
(d) An independent contractor;
(e) An insurer; or
(f) A managing general agent. See Louisiana Revised Statutes 22:1661
- Business entity: means a corporation, association, partnership, limited liability company, limited liability partnership or other legal entity. See Louisiana Revised Statutes 22:1661
- Home state: means the District of Columbia and any state or territory of the United States in which the adjuster's principal place of residence or principal place of business is located. See Louisiana Revised Statutes 22:1661
- Individual: means a natural person. See Louisiana Revised Statutes 22:1661
- Person: means an individual or a business entity. See Louisiana Revised Statutes 22:1661
- Statute: A law passed by a legislature.
A. Before issuing a claims adjuster license to an applicant pursuant to this Section, the commissioner of insurance shall find that the applicant:
(1) Is eligible to designate this state as his home state or is a nonresident who is not eligible for a license pursuant to La. Rev. Stat. 22:1670.
(2) Has not committed any act that is a ground for denial, suspension, or revocation of a license as set forth in La. Rev. Stat. 22:1672.
(3) Has paid the fees set forth in La. Rev. Stat. 22:821.
(4) Maintains an office in the home state of residence with public access by reasonable appointment or regular business hours.
(5) When applicable, has the written consent of the commissioner of insurance pursuant to 18 U.S.C. § 1033, or any successor statute regulating crimes by or affecting persons engaged in the business of insurance whose activities affect interstate commerce.
B. In addition to satisfying the requirements of Subsection A, an individual shall:
(1) Be at least eighteen years of age.
(2) Have successfully passed the adjuster examination unless exempted pursuant to La. Rev. Stat. 22:1669.
C. In addition to satisfying the requirements of Subsection A, a business entity shall:
(1) Designate a licensed individual claims adjuster responsible for the business entity’s compliance with the insurance laws, rules, and regulations of this state; and
(2) Designate only licensed individual claims adjusters to exercise the business entity’s license.
D. A nonresident who is not eligible for a license pursuant to La. Rev. Stat. 22:1670 may designate Louisiana as his home state. Such person is required to successfully pass the adjuster examination and comply with the other provisions of this Section applicable to residents of this state.
E. No resident of Canada may be licensed pursuant to La. Rev. Stat. 22:1663, or may designate Louisiana as his home state, unless such person has successfully passed the adjuster examination and has complied with the other applicable provisions of this Section, except that such applicant shall not be required to comply with Paragraph (A)(4) of this Section.
F. The commissioner of insurance may require any documents reasonably necessary to verify the information contained in the application.
Acts 2006, No. 783, §1, eff. Jan. 1, 2007; Redesignated from La. Rev. Stat. 22:1210.75 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2010, No. 1007, §1; Acts 2011, No. 94, §1, eff. Jan. 1, 2012; Acts 2016, No. 174, §1.