ENROLLED
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2011
HOUSE BILL NO. 137
BY REPRESENTATIVE CORTEZ AND SENATORS LONG AND QUI NN
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
AN ACT1
To enact R.S. 22:1567, relative to producer compensation; to authorize producers and2
certain insurers or policyholders to negotiate any combination of commissions, fees,3
or fees in lieu of commissions, for certain insurance coverages; and to provide for4
related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 22:1567 is hereby enacted to read as follows: 7
ยง1567. Producers' compensation in form of fees; commercial property and casualty8
insurance; criteria for policyholders9
Notwithstanding any other provision of law to the contrary, an insurance10
producer may negotiate with both or either a property and casualty insurer or a11
commercial policyholder, including a governmental entity pursuant to R.S.12
42:1123(37)(b), to compensate the insurance producer for the placement of13
commercial property and casualty insurance coverages by any combination of14
commissions, fees, or fees in lieu of commissions if the commercial insurance15
policyholder, including a governmental entity pursuant to R.S. 42:1123(37)(b), meets16
one of the following criteria:17
(1) Has total annual property and casualty insurance premiums in excess of18
five hundred thousand dollars.19
(2) Obtains insurance coverage with a per occurrence or per claim deductible20
or self-insured retention of fifty thousand dollars or more for workers' compensation,21
general liability, or automobile insurance coverages.22 ENROLLEDHB NO. 137
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are additions.
(3) Has a net worth in excess of twenty-five million dollars.1
(4) Qualifies as a self-insurer with the state of Louisiana.2
(5) Is a governmental entity that had a contract prior to August 9, 2010, with3
an insurance producer on a stipulated fee basis for the placement of commercial4
property and casualty insurance coverages.5
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: