Louisiana Revised Statutes 22:919 – The commissioner shall promulgate and adopt rules, in accordance with the Administrative Procedure Act, to govern the standards which insurance producers shall follow in the sale of
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Terms Used In Louisiana Revised Statutes 22:919
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
The commissioner shall promulgate and adopt rules, in accordance with the Administrative Procedure Act, to govern the standards which insurance producers shall follow in the sale of annuity products.
Acts 2023, No. 73, §1.