La. Admin. Code tit. 37 § XIII-12121
Current through Register Vol. 50, No. 6, June 20, 2024
Section XIII-12121 - Underwriting RequirementsA. Each insurance producer, including a producer who is an insurance agency, who has authority to bind coverage with Citizens is responsible to ensure that each producer and unlicensed employee properly follows all of the underwriting procedures established by Citizens. Any insurance producer who attempts to bind coverage with Citizens and fails to follow the underwriting procedures that have been established by Citizens shall be subject to the action that Citizens is authorized to take, including the suspension and termination of binding authority privileges, as prescribed in Section 12125La. Admin. Code tit. 37, § XIII-12121
Promulgated by the Louisiana Citizens Property Insurance Corporation, LR 33:1874 (September 2007).AUTHORITY NOTE: Promulgated in accordance with R.S. 22:1430.22 and the Administrative Procedure Act, R.S. 49:950 et seq.