Code · Louisiana · Title 22 — Insurance

RS 22:1626

114 words·~1 min read·/la/title-22/22-1548

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RS 22:1626

§1626. Examination authority; account reports; financial examinations; required notices to department

A. The acts of the MGA are considered to be the acts of the insurer on whose behalf it is acting. An MGA may be examined as if it were the insurer.

B. As the commissioner considers necessary, an MGA shall submit to an examination by the commissioner of the MGA's financial condition.

C. The MGA shall pay the examination expenses in an amount that the commissioner certifies as just and reasonable.

Acts 1990, No. 265, §1, eff. midnight Dec. 31, 1991; Redesignated from R.S. 22:1206 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2024, No. 488, §1.