HLS 12RS-1263 ORIGINAL Page 1 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2012 HOUSE BILL NO. 624 BY REPRESENTATIVE CHANEY INSURANCE DEPARTMENT: Requires registration of certain appraisers with the Department of Insurance AN ACT1 To enact R.S. 22:821(B)(34) and Part XI of Chapter 5 of Title 22 of the Louisiana Revised2 Statutes of 1950, to be comprised of R.S. 22:1807.1, 1807.2, and 1807.3, relative to3 appraisers; to require registration of certain appraisers with the Department of4 Insurance; to grant regulatory authority to the commissioner; to provide for a5 registration for certain appraisal registrations; and to provide for related matters.6 Be it enacted by the Legislature of Louisiana:7 Section 1. R.S. 22:821(B)(34) and Part XI of Chapter 5 of Title 22 of the Louisiana8 Revised Statutes of 1950, comprised of R.S. 22:1807.1, 1807.2, and 1807.3, are hereby9 enacted to read as follows:10 §821. Fees11 * * *12 B. The following fees and licenses shall be collected in advance by the13 commissioner of insurance:14 * * *15 (34)For public adjuster licenses:16 Appraisers17 First time applicant$ 55.0018 Renewal fee (every twelve months) $ 50.0019 * * *20 HLS 12RS-1263 ORIGINAL HB NO. 624 Page 2 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. PART XI. REGISTRATION OF APPRAISERS FOR FIRE AND EXTENDED1 COVERAGE2 §1807.1. Registration required3 A. No person shall act as, or hold himself out to be, an appraiser in4 accordance with the provisions of R.S. 22:1311F(2)(c) unless such person is5 registered with the commissioner of insurance as an appraiser.6 B. Each person shall register with the commissioner on a form to be7 prescribed by the commissioner and shall pay the fee required by R.S.8 22:821(B)(34).9 C. Each registration submitted pursuant to this Part shall expire each year on10 the anniversary date and may be renewed by filing a request for renewal on a form11 to be prescribed by the commissioner and by paying the renewal fee required by R.S.12 22:821(B)(34).13 §1807.2 Rules and regulations14 The commissioner of insurance is hereby authorized to adopt such15 regulations, in accordance with the Administrative Procedure Act, as are necessary16 to effectuate the requirements of this Part to regulate registration of appraisers for17 fire and extended coverage.18 §1807.3 Enforcement19 The commissioner is hereby authorized to take whichever actions are20 necessary or appropriate to enforce the provisions of this Part and the commissioner's21 regulations. The commissioner may order a person to cease and desist from22 committing violations of this Part or the commissioner's regulations or may issue an23 order prohibiting a person from acting as an appraiser and may rescind the24 registration of any person, if the person has violated this Part or the commissioner's25 regulations or orders.26 HLS 12RS-1263 ORIGINAL HB NO. 624 Page 3 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Chaney HB No. 624 Abstract: Requires persons acting as appraisers for fire and extended coverage to register with the commissioner and pay an annual fee. Proposed law requires persons acting as appraisers for fire and extended coverage to register with the commissioner and pay an initial fee of $55. Proposed law provides that registrations shall expire one year from the anniversary date, at which time the registrant shall file a request for renewal and pay a renewal fee of $50. Proposed law grants the commissioner the authority to adopt rules and regulations to carry out and enforce proposed law. (Adds R.S. 22:821(B)(34) and 1807.1, 1807.2, and 1807.3)