La. Admin. Code tit. 37 § XI-1905

Current through Register Vol. 50, No. 9, September 20, 2024
Section XI-1905 - Definitions
A. When used in these rules, the following words or terms have the meaning described in §1905

Agent- an individual who is a resident of this state; or whose principal office is in this state, or a partnership the members of which are residents of this state or have their principal office in this state, or a corporation having, by its charter, the power to act as an insurance agent and whose principal office is in this state, and whose officers and principal stockholders are residents of this state, authorized, in writing, by an insurer lawfully authorized to transact business in this state, to act as its representative with authority to solicit, negotiate and effect contracts of insurance in its behalf, who or which has an office in this state in which is kept a record of the contracts of insurance signed, countersigned or issued by them.

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

Department- the Department of Insurance for the State of Louisiana.

Legal Expense Insurer- any person who accepts a pre-payment from or for the benefit of any other person or group of persons as consideration for providing to such person or group of persons the opportunity to receive reimbursement or payment for legal services at such time in the future that such services may be appropriate or necessary.

Person- an individual, insurers, association, organization, partnership, business, trust or other legal entity.

La. Admin. Code tit. 37, § XI-1905

Promulgated by the Department of Insurance, Commissioner of Insurance, LR 8:235 (May 1982).
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2.