La. Admin. Code tit. 37 § I-501
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-501 - Billing and Collection of Insurance PremiumsA. After an agency receives a billing invoice from the Office of Risk Management for payment of insurance premiums, the agency is to render payment in full within 30 days from the billing date.B. Every agency shall timely pay premiums billed by the Office of Risk Management. In the event any agency fails to pay any premiums due the Office of Risk Management within 120 days of the effective date of the appropriated insurance coverages, the commissioner of administration may upon request by the Office of Risk Management draw a warrant against budgeted funds of any delinquent agency directing the treasurer to pay the Office of Risk Management for the unpaid premiums. If an agency is a non-depository agency, the commissioner of administration may direct the head of such agency to render payment of insurance premiums due and owing to the Office of Risk Management.C. All billing inquiries are to be directed to the Office of Risk Management, Accounting Unit, Accounts Receivable Section.La. Admin. Code tit. 37, § I-501
Promulgated by the Office of the Governor, Division of Administration, Office of Risk Management, LR 13:20 (January 1987), amended LR 31:62 (January 2005), LR 32:1436 (August 2006).AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1527, et seq.