reglab/housing_qa huggingface dataset:
LA Rev Stat § 22:1781.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1781.1. Definitions

RS 1781.1 - Definitions As used in this Part, the following terms shall have the following meanings: (1) "Commissioner" means the commissioner of insurance. (2) "Customer" means a person who purchases portable electronics or services. (3) "Department" means the Department of Insurance. (4) "Enrolled customer" means a customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics. (5) "Location" means any physical location in the state of Louisiana or any website, call center site, or similar location directed to residents of the state of Louisiana. (6) "Portable electronics" means electronic devices that are portable in nature, their accessories, and services related to the use of the device. (7)(a) "Portable electronics insurance" means insurance providing coverage for the repairs or replacement of portable electronics which may provide coverage for portable electronics against any one or more of the following causes of loss: loss, theft, inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss. (b) "Portable electronics insurance" does not include any of the following: (i) A service contract or extended warranty providing coverage limited to the repair, replacement, or maintenance of property for the operational or structural failure of such property due to a defect in materials, workmanship, accidental damage from handling, power surges, or normal wear and tear. (ii) A policy of insurance covering a seller's or a manufacturer's obligations under a warranty. (iii) A homeowner's, renter's, private passenger automobile, commercial multi-peril, or similar policy. (8) "Portable electronics transaction" means any of the following: (a) The sale or lease of portable electronics by a vendor to a customer. (b) The sale of a service related to the use of portable electronics by a vendor to a customer. (9) "Vendor" means a person in the business of engaging in portable electronics transactions directly or indirectly. Acts 2012, No. 311, §1.
LA Rev Stat § 22:1781.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1781.2. Licensure of vendors

RS 1781.2 - Licensure of vendors Notwithstanding any other provision of law to the contrary, the following requirements apply to the licensure of vendors of portable electronic devices: (1) A vendor is required to hold a limited lines license to sell or offer coverage under a policy of portable electronics insurance. (2) A limited lines license issued pursuant to this Section shall authorize any employee or authorized representative of the vendor to sell or offer coverage under a policy of portable electronics insurance to a customer at each location at which the vendor engages in portable electronics transactions. The vendor shall be responsible for the conduct and actions related to the sale or offering of portable electronics insurance of all employees and authorized representatives and any payment of the premium for portable electronics insurance to an employee or authorized representative shall be deemed payment to the vendor. (3) In connection with a vendor's application for licensure and upon license renewal, the vendor shall provide a list to the commissioner of all locations in the state at which it offers coverage. Acts 2012, No. 311, §1.
LA Rev Stat § 22:1781.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1781.3. Requirements for sale of portable electronics insurance

RS 1781.3 - Requirements for sale of portable electronics insurance A. In conjunction with and at the time of the sale of every portable electronics insurance policy, the vendor shall present brochures or other written materials to a prospective customer which: (1) Disclose that portable electronics insurance may provide a duplication of coverage already provided by a customer's homeowner's insurance policy, renter's insurance policy, or other source of coverage. (2) State that the enrollment by the customer in a portable electronics insurance program is not required in order to purchase or lease portable electronics or services. (3) Summarize the material terms of the insurance coverage, including: (a) The identity of the insurer. (b) The amount of any applicable deductible and how it is to be paid. (c) The benefits of the coverage. (d) The key terms and conditions of coverage such as whether portable electronics may be repaired or replaced with similar make and model reconditioned or non-original manufacturer parts or equipment. (4) Contain a summary of the process for filing a claim, including a description of how to return portable electronics and the maximum fee applicable in the event the customer fails to comply with any equipment return requirement. (5) Contain a statement that an enrolled customer may cancel enrollment for coverage under a portable electronics insurance policy at any time and the person paying the premium shall receive a refund or credit for any applicable unearned premium. B. Eligibility and underwriting standards for customers electing to enroll in coverage shall be established for each portable electronics insurance program. Acts 2012, No. 311, §1.
LA Rev Stat § 22:1781.4 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1781.4. Authority of vendors of portable electronics

RS 1781.4 - Authority of vendors of portable electronics A. An employee or authorized representative of a vendor may sell or offer portable electronics insurance to customers and shall not be subject to licensure as an insurance producer under this Part provided that: (1) The vendor obtains a limited lines license to authorize its employees or authorized representatives to sell or offer portable electronics insurance pursuant to this Part. (2) The vendor shall develop a training program for employees and authorized representatives of the vendor. The training required by this Section shall comply with all of the following: (a) The training shall be delivered to employees and authorized representatives of vendors who are directly engaged in the activity of selling or offering portable electronics insurance prior to the engagement in any sale or offer of portable electronics insurance to any customer by the employee or authorized representative. (b) The training may be provided in electronic form. (c) The training shall include instruction about the portable electronics insurance offered to customers and the disclosures required under this Part. B. Notwithstanding any other provision of law to the contrary, employees or authorized representatives of a vendor of portable electronics shall not be compensated based primarily on the number of customers enrolled for portable electronics insurance coverage but may receive compensation for activities under the limited lines license which is incidental to their overall compensation. C. The charges for portable electronics insurance coverage may be billed and collected by the vendor of portable electronics. Any charge to the enrolled customer for coverage that is not included in the cost associated with the purchase or lease of portable electronics or related services shall be separately itemized on the enrolled customer's bill. If the portable electronics insurance coverage is included with the purchase or lease of portable electronics or related services, the vendor shall clearly and conspicuously disclose to the enrolled customer that the portable electronics insurance coverage is included with the portable electronics or related services. Vendors billing and collecting such charges shall not be required to maintain such funds in a segregated account provided that the vendor is authorized by the insurer to hold such funds in an alternative manner and remits such amounts to the supervising entity within sixty days of receipt. All funds received by a vendor from an enrolled customer for the sale of portable electronics insurance shall be considered funds held in trust by the vendor in a fiduciary capacity for the benefit of the insurer. Vendors may receive compensation for billing and collection services. Acts 2012, No. 311, §1.
LA Rev Stat § 22:1781.5 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1781.5. Suspension or revocation of license

RS 1781.5 - Suspension or revocation of license If a vendor of portable electronics or its employee or authorized representative violates any provision of this Part or any other applicable provision of this Title, the commissioner may, after notice and opportunity for a hearing, take any one or more of the following actions: (1) Impose fines not to exceed five hundred dollars per violation or five thousand dollars in the aggregate for such conduct. (2) Suspend or revoke the limited lines license of the vendor. (3) Suspend the privilege of transacting portable electronics insurance at specific business locations where violations have occurred. (4) Suspend or revoke the ability of individual employees or authorized representatives to act under the license of the vendor. Acts 2012, No. 311, §1.
LA Rev Stat § 22:1781.6 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1781.6. Application for license and fees

RS 1781.6 - Application for license and fees A. An application for a license pursuant to this Part shall be made to and filed with the commissioner on forms prescribed and furnished by the commissioner and shall include the legal name of the applicant, the address of the home office of the applicant, the name and identifying information for all officers, all directors and all persons who own directly or indirectly ten percent or more of the applicant and such other information as the commissioner may reasonably require. However, any applicant whose stock is publicly traded and registered under the federal securities laws or that is licensed pursuant to the Federal Communications Act of 1934, or any affiliate or subsidiary thereof, may, in lieu of providing the name and identifying information for all officers, all directors and all persons who own directly or indirectly ten percent or more of the applicant, designate a single officer as the designated responsible person for the activities of the vendor pursuant to the limited lines portable electronics insurance license. The name and identifying information only for such single designated responsible person is then required. B. The application shall be accompanied by the fee pursuant to R.S. 22:821(B)(35). C. Any vendor engaging in portable electronics insurance transactions on or before the effective date of this Part shall apply for licensure within ninety days of the application being made available by the commissioner. D. Every license issued pursuant to this Part shall expire on December thirty-first of the renewal year assigned by the commissioner and may be renewed by the filing of a renewal application as required by the commissioner and payment of the fee required by R.S. 22:821(B)(35). Acts 2012, No. 311, §1.
LA Rev Stat § 22:1782.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1782.1. Definitions

RS 1782.1 - Definitions As used in this Part, the following terms shall have the following meanings: (1) "Limited lines travel insurance producer" means any of the following: (a) Licensed managing general underwriter. (b) Licensed managing general agent or third party administrator. (c) Licensed insurance producer, including a limited lines producer, designated by an insurer as the travel insurance supervising entity as set forth in R.S. 22:1782.2(C). (2) "Offer and disseminate" means to provide general information, including a description of the coverage and price, as well as process the application, collect premiums, and perform other nonlicensable activities permitted by the state. (3)(a) "Travel insurance", except as provided in Subparagraph (b) of this Paragraph, means insurance coverage for personal risks incident to planned travel, including but not limited to the following: (i) Interruption or cancellation of a trip or event. (ii) Loss of baggage or personal effects. (iii) Damages to accommodations or rental vehicles. (iv) Sickness, accident, disability, or death occurring during travel. (b) "Travel insurance" shall not mean major medical plans, which provide comprehensive medical protection for travelers with trips lasting six months or longer, including those working overseas as expatriates, or military personnel being deployed. (4) "Travel retailer" means a business entity that makes, arranges, or offers travel services and may offer and disseminate travel insurance as a service to its customers on behalf of and under the direction of a limited lines travel insurance producer. Acts 2014, No. 117, §1.
LA Rev Stat § 22:1782.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1782.3. Compensation

RS 1782.3 - Compensation Notwithstanding any other provision of law to the contrary, a travel retailer whose insurance-related activities, and those of its employees and authorized representatives, are limited to offering and disseminating travel insurance on behalf of and under the direction of a limited lines travel insurance producer meeting the conditions stated in this Part, is authorized to do so and receive related compensation for such services, upon registration by the limited lines travel insurance producer as set forth in R.S. 22:1782.2(B). Acts 2014, No. 117, §1.
LA Rev Stat § 22:1793 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1793. License revocation and denial

RS 1793 - License revocation and denial A. The commissioner may refuse to issue, suspend, revoke, or refuse to renew the license of a viatical settlement provider, viatical settlement broker, or viatical settlement investment agent if the commissioner finds that: (1) There was any material misrepresentation in the application for the license; (2) The licensee or any officer, partner, member, or key management personnel has been convicted of fraudulent or dishonest practices, is subject to a final administrative action, or is otherwise shown to be untrustworthy or incompetent; (3) The viatical settlement provider demonstrates a pattern of unreasonable payments to viators; (4) The licensee or any officer, partner, member, or key management personnel has been found guilty of, or has pleaded guilty or nolo contendere to, any felony or to a misdemeanor involving fraud or moral turpitude, regardless of whether a judgment of conviction has been entered by the court; (5) The viatical settlement provider utilizes any viatical settlement contract form, or any other form required to be approved, that has not been approved pursuant to this Part; (6) The viatical settlement provider has failed to honor contractual obligations set out in a viatical settlement contract or a viatical settlement purchase agreement; (7) The licensee no longer meets the requirements for initial licensure; (8) The viatical settlement provider has assigned, transferred, or pledged a viaticated policy to a person other than a viatical settlement provider licensed in this state, viatical settlement purchaser, an accredited investor or qualified institutional buyer as defined respectively in Regulation D, Rule 501 or Rule 144A of the Federal Securities Act of 1933, as amended, financing entity, special purpose entity, or related provider trust; (9) The licensee or any officer, partner, member, or key management personnel has violated any provision of this Part; or (10) The licensee has failed to file the annual report required by this Part. B. The commissioner may suspend, revoke, or refuse to renew the license of a viatical settlement broker, including the viatical settlement broker's insurance producer license, if the commissioner finds that such viatical settlement broker: (1) Has violated the provisions of this Part; (2) Has received a fee, commission, or other valuable consideration for his services with respect to viatical settlement transactions that involved unlicensed viatical settlement providers or viatical settlement brokers; or (3) Deals in bad faith with viators. C. 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. Acts 2003, No. 343, §1; Acts 2006, No. 499, §1, eff. June 22, 2006; Redesignated from R.S. 22:192 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 317, §1.
LA Rev Stat § 22:1794 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1794. Approval of viatical settlement contracts and disclosure statements

RS 1794 - Approval of viatical settlement contracts and disclosure statements A person shall not use a viatical settlement contract or provide to a viator a disclosure statement form or use any advertising material in this state unless filed with and approved by the commissioner. The commissioner shall disapprove a viatical settlement contract form, disclosure statement form, or advertising if, in the commissioner's opinion, the contract or advertising material or provisions contained therein are unreasonable, contrary to the interests of the public, otherwise misleading or unfair to the viator, or otherwise in violation of this Part. Each submission for approval shall be accompanied by a fee as required in R.S. 22:821. Acts 2003, No. 343, §1; Redesignated from R.S. 22:192.1 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:1795 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1795. Reporting requirements and privacy

RS 1795 - Reporting requirements and privacy A. Each person acting as a viatical settlement broker, viatical settlement provider, or viatical settlement investment agent, including but not limited to licensed insurance producers acting as viatical settlement brokers pursuant to the authority granted by R.S. 22:1792(A)(1), shall file with the commissioner on or before March first of each year an annual statement containing such information as the commissioner may prescribe by regulation. Such information shall be limited to those transactions where the viator is a resident of this state. If there is more than one viator on a single policy and the viators are residents of different states, the viatical settlement shall be governed by the law of the state in which the viator having the largest percentage of ownership resides or, if the viators hold equal percentages of ownership, the state of residence of one viator agreed upon in writing by all viators. B. Except as otherwise allowed or required by law, a viatical settlement provider, viatical settlement broker, viatical settlement investment agent, insurance company, insurance producer, information bureau, rating agency or company, or any other person with actual knowledge of an insured's identity shall not disclose that identity as an insured, or the insured's financial or medical information to any other person unless the disclosure: (1) Is necessary to effect a viatical settlement between the viator and a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (2) Is necessary to effect a viatical settlement purchase agreement between the viatical settlement purchaser and a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (3) Is provided in response to an investigation or examination by the commissioner or any other governmental officer or agency or pursuant to the requirements of R.S. 22:1801(C); (4) Is a term of or condition to the transfer of a policy by one viatical settlement provider to another viatical settlement provider; (5) Is necessary to permit a financing entity, related provider trust, or special purpose entity to finance the purchase of policies by a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (6) Is necessary to allow the viatical settlement provider or viatical settlement broker or their authorized representatives to make contacts for the purpose of determining health status; or (7) Is required to purchase stop loss coverage. Acts 2003, No. 343, §1; Acts 2006, No. 369, §1, eff. June 15, 2006; Redesignated from R.S. 22:193 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:1799 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§1799. Prohibited practices

RS 1799 - Prohibited practices A. It is a violation of this Part for any person to enter into a viatical settlement contract at any time prior to the application for or issuance of a life insurance policy or certificate which is the subject of a viatical settlement contract or for a two-year period commencing with the date of issuance of the insurance policy or certificate unless the viator certifies and submits independent evidence to the viatical settlement provider that one or more of the following conditions have been met within the two-year period: (1) The viator or insured is terminally or chronically ill; or (2) A final order, judgment, or decree is entered by a court of competent jurisdiction, on the application of a creditor of the viator, adjudicating the viator bankrupt or insolvent or approving a petition seeking reorganization of the viator or appointing a receiver, trustee, or liquidator to all or a substantial part of the viator's assets. B.(1) Documents required by R.S. 22:1798(A) shall be submitted to the insurer when the viatical settlement provider submits a request to the insurer for verification of coverage. The copies shall be accompanied by a letter of attestation from the viatical settlement provider that the copies are true and correct copies of the documents received by the viatical settlement provider. (2) If the viatical settlement provider submits to the insurer a copy of the owner or insured's certification described in Subsection A of this Section when the provider submits a request to the insurer to effect the transfer of the policy or certificate to the viatical settlement provider, the copy shall be deemed to conclusively establish that the viatical settlement contract satisfies the requirements of this Section and the insurer shall timely respond to the request. Acts 2003, No. 343, §1; Acts 2006, No. 499, §1, eff. June 22, 2006; Redesignated from R.S. 22:195 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.