Louisiana Revised Statutes 22:1767 – Insurance charges
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Terms Used In Louisiana Revised Statutes 22:1767
- Commissioner: means the commissioner of insurance. See Louisiana Revised Statutes 22:1762
- Fiduciary: A trustee, executor, or administrator.
- Limited licensee: means a person or entity authorized to sell certain coverages relating to the rental of vehicles pursuant to the provisions of this Part. See Louisiana Revised Statutes 22:1762
Notwithstanding any other provision of this Part or any rule adopted by the commissioner, a limited licensee pursuant to this Part shall not be required to treat monies collected from renters purchasing such insurance when renting vehicles as funds received in a fiduciary capacity if the charges for coverage shall be itemized and be ancillary to a rental transaction. The sale of insurance not in conjunction with a rental transaction is prohibited by the provisions of this Part.
Acts 1999, No. 1278, §1, eff. July 12, 1999; Redesignated from La. Rev. Stat. 22:2107 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2011, No. , §1, eff. Jan. 1, 2012.