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Terms Used In Louisiana Revised Statutes 22:369.1

  • Vehicle: means any vehicle that is required to be titled pursuant to the Vehicle Certificate of Title Law (Louisiana Revised Statutes 22:361
  • Vehicle mechanical breakdown insurer: means any person or organization, whether domestic, foreign, or alien, issuing or attempting to issue vehicle mechanical breakdown policies or vehicle component coverage contracts as defined herein. See Louisiana Revised Statutes 22:361

A.  A vehicle mechanical breakdown insurer whose license has been suspended for failure to pay the annual renewal fee required by La. Rev. Stat. 22:362 shall have his license reinstated if the annual renewal fee is paid within ninety days of the date of suspension, provided all other requirements of this Subpart have been met.

B.  A vehicle mechanical breakdown insurer whose license has been suspended for failure to file the annual audited financial statement required by La. Rev. Stat. 22:366 shall have his license reinstated if the annual audited financial statement is filed within ninety days of the deadline for filing provided in La. Rev. Stat. 22:366.

Acts 2014, No. 80, §1.