La. Admin. Code tit. 37 § XI-2305

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

Section XI-2305 - Limitations on the Fee Assessment

A. The fee shall not be assessed on premiums received on life insurance policies, annuities, credit insurance, crop and livestock insurance, federal flood insurance policies, reinsurance contracts, reinsurance agreements, or reinsurance claims transactions. The fee shall not be assessed on 50 percent of the premiums received on health and accident insurance policies.

B. If the fee assessed for the previous year exceeds by five percent of the cumulative costs of the previous year of operating the insurance fraud programs to which the funds are allocated, the fee assessment for the next year shall be reduced by the amount of the excess in proportion to the assessment, however, any entity listed in §2307(A) of this Rule that expends its allocation shall receive at least the same allocation for the next year.

La. Admin. Code tit. 37, § XI-2305

Promulgated by the Department of Insurance, Office of the Commissioner, LR 26:323 (February 2000), Amended LR 4564 (1/1/2019).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2 and R.S. 40:1428.