La. Admin. Code tit. 37 § XI-1705

Current through Register Vol. 50, No. 9, September 20, 2024

Section XI-1705 - Definitions

A. When used in this rule, the following words or term have the meaning described in §1705

Commissioner- the Commissioner of Insurance for the state of Louisiana.

Insurer- any property or casualty insurer duly authorized to transact vehicle physical damage insurance in this state under provisions of the Louisiana Insurance Code other than Sections 1800

Vehicle Mechanical Breakdown Insurance Policy- any contract, agreement, or other instrument whereby a person other than the owner, seller, or lessor of a vehicle assumes the risk of and/or the expense portion thereof for the mechanical breakdown or mechanical failure of a motor vehicle and shall include those agreements commonly known as vehicle service agreements or extended warranty agreements.

Vehicle Mechanical Breakdown Insurer- any person or organization, whether domestic, foreign or alien that issues or attempts to issue vehicle mechanical breakdown policies as defined herein.

La. Admin. Code tit. 37, § XI-1705

Promulgated by the Department of Insurance, Commissioner of Insurance, LR 7:340 (July 1981).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2 and Act 520 of the 1978 Regular Session of the Louisiana Legislature.