Louisiana Revised Statutes 22:1663 – License required
Terms Used In Louisiana Revised Statutes 22:1663
- 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
- Person: means an individual or a business entity. See Louisiana Revised Statutes 22:1661
- Uniform business entity application: means the current version of the National Association of Insurance Commissioners (NAIC) Uniform Business Entity Application for resident and nonresident business entities. See Louisiana Revised Statutes 22:1661
A. A person shall not act or hold himself out as a claims adjuster in this state unless the person is licensed as a claims adjuster in accordance with this Part.
B. A business entity acting as a claims adjuster is required to obtain a claims adjuster license. Application shall be made using the uniform business entity application. Before approving the application, the commissioner of insurance shall find that:
(1) The business entity has paid the fees set forth in La. Rev. Stat. 22:821.
(2) The business entity has designated a licensed adjuster responsible for the business entity’s compliance with the insurance laws, rules, and regulations of this state.
Acts 2006, No. 783, §1, eff. Jan. 1, 2007; Redesignated from La. Rev. Stat. 22:1210.73 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
NOTE: Former La. Rev. Stat. 22:1663 redesignated as La. Rev. Stat. 22:841 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.