La. Admin. Code tit. 37 § XIII-17711

Current through Register Vol. 50, No. 6, June 20, 2024
Section XIII-17711 - Applicability of 18 U.S.C. Section 1033
A. An individual who has been convicted of a felony involving dishonesty or breach of trust shall be required to request written consent from the commissioner to engage in the business of insurance or participate in such business pursuant to 18 U.S.C. § 1033(e)(B)(2).
B. The employing insurance producer of an individual who obtained written consent pursuant to 18 U.S.C. § 1033(e)(B)(2) is required to obtain a waiver pursuant to R.S. 22:1554(A)(18). However, an employer is not required to submit the documents enumerated in §17707.B.5 of Regulation 119 if the employee has an active license in this state.

La. Admin. Code tit. 37, § XIII-17711

Promulgated by the Department of Insurance, Office of the Commissioner, LR 471879 (12/1/2021).
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:1554, and the Administrative Procedure Act, R.S. 49:950 et seq.