Requires electronic or telephone verification that persons involved in an accident are in compliance with the Motor Vehicle Safety Responsibility Law. (8/1/12)
Prohibits public adjuster from acting as an appraiser or umpire pursuant to appraisal if he is adjusting or has adjusted all or part of a claim or property subject to appraisal. (8/1/12)
Includes Louisiana Citizens Property Insurance Corporation among the entities exempt from furnishing bonds in judicial proceedings and provides relative to rates charged by the corporation in certain parishes. (8/1/12) (EN SEE FISC NOTE SG EX See Note)
Lowers the minimum capital and surplus requirement for pure captive insurers and removes the prohibition on providing workers' compensation and employee liability insurance. (8/1/12) (EN NO IMPACT See Note)
Adds a representative of the La. Surplus Lines Association and the Deputy Commissioner for Consumer Advocacy to the membership of the La. Property and Casualty Commission. (8/1/12) (EN NO IMPACT SG EX See Note)