reglab/housing_qa huggingface dataset:
LA Rev Stat § 22:366 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§366. Annual reports

RS 366 - Annual reports  By June first of each year, every vehicle mechanical breakdown insurer shall file with the commissioner an audited financial statement, audited consolidated financial statements with the consolidating schedule, or such other financial statements deemed acceptable by the commissioner for the immediately preceding year ending December thirty-first. The financial statement submitted shall be audited by a certified public accounting firm which is acceptable to the commissioner. The commissioner may determine and require that additional information be submitted with the audited financial statements.  Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Redesignated from R.S. 22:1805 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 98, §1; Acts 2016, No. 123, §1.
LA Rev Stat § 22:367 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§367. Reserves

RS 367 - Reserves  Each vehicle mechanical breakdown insurer shall maintain loss reserves in such amounts as the commissioner deems sufficient. Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Redesignated from R.S. 22:1806 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:368 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§368. Contracts not in compliance

RS 368 - Contracts not in compliance  Any vehicle mechanical breakdown insurance policy issued in violation of any provisions of this Subpart shall be an enforceable and valid contract unless otherwise invalid. Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Redesignated from R.S. 22:1807 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:368.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§368.1. Filing of contracts

RS 368.1 - Filing of contracts No vehicle mechanical breakdown insurance policy or application form, where written application is required and is to be attached to the policy, or any rider or endorsement of such a contract shall be issued, delivered, or used unless it has been filed with the commissioner of insurance. Each submission shall be accompanied by the fees provided for in R.S. 22:821. Acts 2008, No. 818, §1.
LA Rev Stat § 22:369 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§369. Revocation or suspension of license

RS 369 - Revocation or suspension of license A. In accordance and compliance with R.S. 49:961, the commissioner may levy a fine not to exceed one thousand dollars per violation or revoke or suspend any license required by this Subpart should he find any of the following: (1) If any judgment in favor of a policy holder or his heir or assignees has become final and has not been paid in full within sixty days. (2) If, in the opinion of the commissioner, the reserve for losses maintained by the insurer are insufficient to cover future losses. (3) If, in the opinion of the commissioner, the insurer is insolvent. (4) If the insurer refuses to allow an inspection as provided in R.S. 22:370. (5) If the insurer fails to comply with any provision of this Subpart or a lawful order of the commissioner. B. An aggrieved party affected by the commissioner's decision, act, or order may demand a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq. Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Redesignated from R.S. 22:1808 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No; Acts 2009, No. 317, §1; Acts 2009, No. 503, §1; Acts 2014, No. 80, §1.
LA Rev Stat § 22:369.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§369.1. Reinstatement of license

RS 369.1 - Reinstatement of license A. A vehicle mechanical breakdown insurer whose license has been suspended for failure to pay the annual renewal fee required by R.S. 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 R.S. 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 R.S. 22:366. Acts 2014, No. 80, §1.
LA Rev Stat § 22:370 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§370. Inspection

RS 370 - Inspection  After furnishing fourteen days written notice, the commissioner or any representative may inspect the records and reserves of any insurer licensed under this Subpart. The reasonable expense for inspection of records not available in Louisiana shall be borne by the insurer. Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Redesignated from R.S. 22:1809 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:371 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§371. Cease and desist order; penalty for violation

RS 371 - Cease and desist order; penalty for violation A. If the commissioner should determine that the provisions of this Subpart have been violated, the commissioner shall, in addition to the authority to revoke or suspend a license as provided in R.S. 22: 369, have the authority to issue an order requiring such person or insurer violating the provisions of this Subpart, to cease and desist from such method, act, or practice. An aggrieved party affected by the commissioner's decision, act, or order may demand a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq. B. If no hearing is demanded by the aggrieved party or after a final order from the division of administrative law is issued withholding the commissioner's order, such person or insurer continues to violate the provisions of this Subpart, the commissioner may seek the enforcement of such order by civil legal action filed in the Nineteenth Judicial District Court. Any person who violates a cease and desist order after it has become final and while such order is in effect, shall, upon proof thereof to the satisfaction of the court, forfeit and pay to the state of Louisiana a sum not to exceed five hundred dollars, except that, if such violation is found to be willful, the amount of such penalty shall be a sum not to exceed five thousand dollars. Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Acts 1990, No. 657, §1; Redesignated from R.S. 22:1810 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 317, §1; Acts 2009, No. 503, §1.
LA Rev Stat § 22:372 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§372. Rules and regulations

RS 372 - Rules and regulations  The commissioner may adopt such administrative rules as are necessary to implement the provisions of this Subpart. Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Redesignated from R.S. 22:1811 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:373 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§373. Scope and limitations

RS 373 - Scope and limitations  A. It is not the purpose of this Subpart to alter or diminish any right, privilege or authority granted to any insurance company under any other part or section of this Title.  B. All vehicle mechanical breakdown insurers operating pursuant to a license as required by this Subpart shall be exempt from the applicability of all other insurance laws of this state, except where such laws are specifically incorporated herein by reference.  C. All vehicle mechanical breakdown insurers operating pursuant to a license as required by this Subpart shall be subject to the following insurance laws of this state specifically incorporated herein by reference: R.S. 22:1961 through 1963, 1964(1) through (5), (7)(c), (d), and (f) through (h), (9), (13), (14), and (16) through (18), and 1967 through 1971. None of the provisions of law incorporated in this Subsection by reference shall preclude the seller and buyer of a vehicle mechanical breakdown insurance policy from negotiating the final customer costs of such policy by written agreement.  Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Redesignated from R.S. 22:1812 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2017, No. 297, §1, eff. July 1, 2017.
LA Rev Stat § 22:381 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§381. Definitions

RS 381 - Definitions As used in this Subpart: (1) "Commissioner" means the commissioner of insurance of the state of Louisiana. (2) "Property" means all classes of movable or immovable property recognized under the laws of this state. (3) "Person" means any individual, company, insurer, association, organization, reciprocal or inter-insurance exchange, partnership, business, trust, limited liability company, or corporation which provides property residual value insurance in this state. (4) "Property residual value insurer" means any person or organization, whether domestic, foreign, or alien, issuing or attempting to issue property residual value policies as defined herein. (5) "Property residual value insurance policy" means any contract, agreement, or instrument whereby a person, other than the owner, seller, lessee, or lessor of property, either directly or indirectly, assumes the risk of and/or the expense or portion thereof for the residual value of property, including but not limited to auto-gap* insurance. (6) "Residual value" shall mean the value of property at a specific future time, which value is determined by agreement at the time the contract of lease or sale is entered into. Added by Acts 1981, No. 472, §1, eff. July 19, 1981. Acts 1986, No. 849, §1; Acts 1996, 1st Ex. Sess., No. 71, §1, eff. May 10, 1996; Redesignated from R.S. 22:1900 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1. *As appears in enrolled bill.
LA Rev Stat § 22:382 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§382. License required of property residual value insurer; notice of material change required

RS 382 - License required of property residual value insurer; notice of material change required A. No person shall act as or attempt to act as a property residual value insurer unless licensed to do so by the commissioner. Each application shall be submitted to the commissioner along with the fee for such license in the amount of one thousand five hundred dollars. Licenses shall be renewed annually upon payment of a fee of one thousand five hundred dollars, which shall be paid no later than March fifteenth of each year. B. A licensee shall notify the commissioner within sixty days of any material change in its ownership, control, or other fact or circumstance affecting its qualification for a license in this state. Material changes shall include but are not limited to the following: (1) Changes in officers or directors. (2) Changes in ownership. (3) A change in the article of incorporation. (4) A merger. (5) An addition or change of a trade name or "d/b/a". (6) Cessation of business in Louisiana. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1901 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2014, No. 82, §1.
LA Rev Stat § 22:383 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§383. Exceptions

RS 383 - Exceptions  Nothing in this Subpart shall have any effect upon contracts of casualty or property insurance issued on property in this state. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1902 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:384 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§384. Qualifications

RS 384 - Qualifications The commissioner shall not license a property residual value insurer unless all of the following conditions are met: (1) Applicant shall be solvent.  (2) Applicant shall furnish such proof as necessary to the commissioner that the directors and management of the company are competent and trustworthy and are capable of successfully managing its affairs in compliance with law. (3) Applicant shall make the deposit or file such surety as required by R.S. 22:385. (4) Applicant shall be in compliance with and continue to be in compliance with all applicable laws. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1903 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
LA Rev Stat § 22:385 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§385. Deposit or surety

RS 385 - Deposit or surety A. To assure faithful performance of its obligations to policyholders, every property residual value insurer shall, prior to the issuance of a license, deposit with or for the benefit of the insurance commissioner, securities which, at all times, shall have a value of not less than one hundred fifty thousand dollars. B. Those securities which may be used as a deposit shall be cash, certificates of deposit purchased from a financial institution licensed to conduct business in the state of Louisiana, bonds of the state of Louisiana or any of its political subdivisions, or bonds of the United States government. C. In lieu of the deposit of securities required by this Section, the applicant may file with the commissioner a surety bond in the amount of not less than one hundred fifty thousand dollars. The bond shall be issued by a surety insurer authorized to do business in the state of Louisiana, shall be for the same purpose as the deposit in lieu of which it is filed, and shall be subject to the approval of the commissioner. No such bond shall be cancelled or subject to cancellation unless thirty days written notice is given to the commissioner. D. If deposit is made in the form of bonds or certificates of deposit, they shall be irrevocably pledged to the commissioner; however, any interest earned on such securities shall be the property of the property residual value insurer. E. Each deposit or surety shall be maintained unimpaired, unencumbered, and pledged to the commissioner until such time as all outstanding policies have run their full term and expired. The deposit or surety shall remain fully in force until such time as all of the property residual value insurer's obligations to the policyholders are fulfilled. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1904 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
LA Rev Stat § 22:386 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§386. Annual reports

RS 386 - Annual reports By June first of each year, every property residual value insurer shall, file with the commissioner an audited financial statement for the immediately preceding year ending December thirty-first. The financial statement shall be audited by a certified public accounting firm which is acceptable to the commissioner. The commissioner may determine and require that additional information be submitted with the audited financial statements. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1905 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 98, §1.
LA Rev Stat § 22:387 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§387. Reserves

RS 387 - Reserves  Each property residual value insurer shall maintain loss reserves in such amounts as the commissioner deems sufficient. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1906 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:388 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§388. Contracts not in compliance

RS 388 - Contracts not in compliance  Any property residual value insurance policy issued in violation of any provisions of this Subpart shall be an enforceable and valid contract unless otherwise invalid. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1907 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:388.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§388.1. Filing of contracts

RS 388.1 - Filing of contracts No property residual value insurance policy or application form, where written application is required and is to be attached to the policy, or any rider or endorsement of such a contract shall be issued, delivered, or used unless it has been filed with the commissioner of insurance. Each submission shall be accompanied by the fees provided for in R.S. 22:821. Acts 2008, No. 883, §1; Acts 2009, No. 503, §1.
LA Rev Stat § 22:389 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§389. Revocation or suspension of license; fine

RS 389 - Revocation or suspension of license; fine A. The commissioner may levy a fine not to exceed one thousand dollars per violation or revoke or suspend any license required by this Subpart in accordance and compliance with R.S. 49:961 for any of the following: (1) A judgment in favor of a policyholder or his heir or assignees has become final and has not been paid in full within sixty days. (2) In the opinion of the commissioner, the reserve for losses maintained by the insurer are insufficient to cover future losses. (3) In the opinion of the commissioner, the insurer is insolvent. (4) The insurer refuses to allow an inspection as provided in R.S. 22:390. (5) The insurer fails to comply with any provision of this Subpart or a lawful order of the commissioner. B. An aggrieved party affected by the commissioner's decision, act, or order may demand a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1908 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 317, §1; Acts 2014, No. 82, §1.
LA Rev Stat § 22:389.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§389.1. Reinstatement of license

RS 389.1 - Reinstatement of license A. A property residual value insurer whose license has been suspended for failure to pay the annual renewal fee required by R.S. 22:382 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 property residual value insurer whose license has been suspended for failure to file the annual audited financial statement required by R.S. 22:386 shall have his license reinstated if the annual audited financial statement is filed within ninety days of the deadline for filing provided in R.S. 22:386. Acts 2014, No. 82, §1.
LA Rev Stat § 22:390 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§390. Inspection

RS 390 - Inspection  After furnishing fourteen days written notice, the commissioner or his representative may inspect the records and reserves of any insurer licensed under this Subpart. The reasonable expense for inspection of records not available in Louisiana shall be borne by the insurer. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1909 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:391 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§391. Cease and desist order; penalty for violation

RS 391 - Cease and desist order; penalty for violation A. If the commissioner determines that the provisions of this Subpart have been violated, he shall, in addition to the authority to revoke or suspend a license as provided in R.S. 22:389, have the authority to issue an order requiring such person or insurer violating the provisions of this Subpart, to cease and desist from such method, act, or practice. An aggrieved party affected by the commissioner's decision, act, or order may demand a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq. B. If no hearing is demanded by the aggrieved party or after a final order from the division of administrative law is issued upholding the commissioner's order, such person or insurer continues to violate the provisions of this Subpart, the commissioner may seek the enforcement of such order by civil legal action filed in the Nineteenth Judicial District Court for the parish of East Baton Rouge. Any person who violates a cease and desist order of the commissioner after it has become final and while such order is in effect, shall, upon proof thereof to the satisfaction of the court, forfeit and pay to the state of Louisiana a sum not to exceed five hundred dollars, except that, if such violation is found to be willful, the amount of such penalty shall be a sum not to exceed five thousand dollars. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1910 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 317, §1. NOTE: Former §§391-397 repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:392 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§392. Rules and regulations

RS 392 - Rules and regulations  The commissioner may adopt such administrative rules and regulations as are necessary to implement the provisions of this Subpart. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1911 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009. NOTE: Former §§391-397 repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:393 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§393. Scope and limitations

RS 393 - Scope and limitations A. Nothing in this Subpart shall alter or diminish any right, privilege, or authority granted to any insurance company under any other provisions of this Title. B. All property residual value insurers operating pursuant to a license as required by this Subpart shall be exempt from the applicability of all other insurance laws of this state, except where such laws are specifically incorporated herein by reference. Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1912 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1. NOTE: Former §§391-397 repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:394 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§394. Repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.

RS 394 - Repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:395 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§395. Repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.

RS 395 - Repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:396 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§396. Repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.

RS 396 - Repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:397 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§397. Repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.

RS 397 - Repealed by Acts 2008, No. 416, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:401 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§401. Title; purpose

RS 401 - Title; purpose  A. This Subpart may be cited as the "Nonprofit Risk Indemnification Trust Act."  B. The purpose of this Subpart is to authorize the establishment of trust funds for the purpose of indemnifying nonprofit beneficiary organizations and their officers, directors, and agents for financial loss due to the imposition of legal liability, and to regulate the operation of trust funds established under this Section. Acts 1986, No. 574, §2; Redesignated from R.S. 22:2041 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:402 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§402. Establishment upon approval of commissioner

RS 402 - Establishment upon approval of commissioner  No trust fund with the purpose of indemnifying multiple nonprofit beneficiary organizations shall be established without the prior approval of the commissioner of insurance. The commissioner shall withhold approval of any trust fund that fails to comply with the provisions and requirements of this Subpart. Acts 1986, No. 574, §2; Redesignated from R.S. 22:2042 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.