La. Admin. Code tit. 37 § XIII-3915
Current through Register Vol. 50, No. 9, September 20, 2024
Section XIII-3915 - Notice of Regulatory ActionA. Any licensee under this part (including a licensed life insurance producer acting as a viatical settlement broker) shall notify the commissioner of any regulatory action against the entity in any state within 60 days of the final disposition of such regulatory action.B.Regulatory Action-shall include any fines, revocations, and suspensions imposed by a state or federal agency. Regulatory actions shall also include any consent agreements, stipulations, or other such agreements with any state or federal agency initiated as a result of allegations of wrong-doing or regulatory or legal infractions regardless of whether or not any wrongdoing was admitted by the licensee.La. Admin. Code tit. 37, § XIII-3915
Promulgated by the Department of Insurance, Office of the Commissioner, LR 35:2453 (November 2009).AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:1804, and the Administrative Procedure Act, R.S. 49:950 et seq.