La. Admin. Code tit. 37 § XIII-12707

Current through Register Vol. 50, No. 6, June 20, 2024
Section XIII-12707 - Definitions
A. As used in Regulation 94, these terms shall have the following meaning ascribed herein unless the context clearly indicates otherwise.

Certification Form-a form prepared by an insurer, approved by the department, and subsequently completed and signed by the insured, wherein the insured attests to the implementation of specific mitigation items which the insurer recognizes in its rating plan for providing an actuarially justified premium discount under R.S. 22:1426.

Department-Louisiana Department of Insurance.

Discount Plan-the criteria and items utilized by an insurer to determine or otherwise compute an actuarially justified discount, credit, rate differential, adjustment in deductible, or any other adjustment to reduce the insurance premium for an eligible insured under R.S. 22:1426.

Qualified Professional-a building code enforcement officer, registered architect, registered engineer, or a registered third-party provider authorized by the Louisiana State Uniform Construction Code Council to perform building inspections.

Residential Property Insurance-fire and extended coverage insurance or homeowners insurance for a one-or two-family owner-occupied premises, but does not include insurance policies written to cover manufactured homes or mobile homes.

La. Admin. Code tit. 37, § XIII-12707

Promulgated by the Department of Insurance, Office of the Commissioner, LR 34:90 (January 2008).
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:3 to enforce the provisions of R.S. 22:1426.