§ 22:1621 Title
§ 22:1622 As used in this Part, unless the context requires otherwise, the following definitions shall be applicable:
§ 22:1623 Licensure; registration
§ 22:1624 Required contract provisions
§ 22:1625 A. If an insurer has an MGA who writes more than five percent of its policyholder surplus, then the insurer shall provide financial data by an independent examiner concerning that in
§ 22:1626 Examination authority
§ 22:1627 A. If the commissioner finds that any person has violated any provision of this Part, the commissioner may order:

Terms Used In Louisiana Revised Statutes > Title 22 > Chapter 5 > Part II - Managing General Agent

  • Actuary: means a person who is a member in good standing of the American Academy of Actuaries. See Louisiana Revised Statutes 22:1622
  • Adjudication: means formal or informal proceedings for the formulation of a decision or order. See Louisiana Revised Statutes 30:2004
  • Amortization: Paying off a loan by regular installments.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Commissioner: means the commissioner of insurance as defined in La. See Louisiana Revised Statutes 22:1622
  • Department: means the Department of Environmental Quality. See Louisiana Revised Statutes 30:2004
  • Fiduciary: A trustee, executor, or administrator.
  • Insurer: means any person duly licensed in this state as an insurer pursuant to this Chapter. See Louisiana Revised Statutes 22:1622
  • Inter vivos: Transfer of property from one living person to another living person.
  • Person: means any individual, municipality, public or private corporation, partnership, firm, the United States Government, and any agent or subdivision thereof or any other juridical person, which shall include, but not be limited to, trusts, joint stock companies, associations, the state of Louisiana, political subdivisions of the state of Louisiana, commissions, and interstate bodies. See Louisiana Revised Statutes 30:2004
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Secretary: means the secretary of the Department of Environmental Quality. See Louisiana Revised Statutes 30:2004
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Summons: Another word for subpoena used by the criminal justice system.
  • Violation: means a failure to comply with the requirements of this Subtitle, the rules issued under this Subtitle, and conditions of permits under this Subtitle. See Louisiana Revised Statutes 30:2004