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A.  An insurer shall indemnify, defend, and hold producers harmless from and against all liability, fees, and costs arising out of or relating to the actions, errors, or omissions of a producer who obtains or uses credit information or insurance scores for an insurer, provided the producer follows the instructions of or procedures established by the insurer and complies with any applicable law or regulation.

B.  An insurer or credit information provider shall not require a producer to indemnify or hold them harmless, except to the extent of the producer’s negligent failure to comply with procedures established by the insurer or credit information provider.  An insurer shall not evaluate or compensate a producer based upon the customer credit scores submitted by the producer.  An insurer using credit information for underwriting or rating purposes shall provide appropriate training to its producers.

C.  Nothing in this Section shall be construed to provide a consumer, agent, or other insured with a cause of action that does not exist in the absence of this Section.

Acts 2003, No. 1256, §1; Redesignated from La. Rev. Stat. 22:1491 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

NOTE:  Former La. Rev. Stat. 22:1511 redesignated as La. Rev. Stat. 22:1152 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.