SLS 12RS-672 ORIGINAL
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2012
SENATE BILL NO. 232
BY SENATOR BROOME
INSURANCE COMMISSIONER. Permits the commissioner of insurance to issue cease and
desist orders for Insurance Code violations. (8/1/12)
AN ACT1
To enact R.S. 22:18(C), relative to the suspension or revocation of insurers' licenses; to2
provide for the issuance of cease and desist orders by the commissioner; and to3
provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 22:18 (C) is hereby enacted to read as follows: 6
ยง18. Suspension or revocation of insurers' licenses; fines; orders7
* * *8
C. The commissioner shall have the power to issue a cease and desist order9
to prevent or terminate any violation of this Code or any agreement, regulation, or10
order of the commissioner issued pursuant to this Code whenever he knows or has11
reasonable cause to believe that such a practice exists or is likely to occur.12
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Cheryl Horne.
DIGEST
Present law permits the commissioner to refuse to renew, to suspend, or to revoke the
certificate of authority of any insurer violating any of the provisions of the Insurance Code.
Further permits the commissioner to levy a fine not to exceed $1,000 for each violation per SB NO. 232
SLS 12RS-672 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
insurer, up to $100,000 aggregate for all violations in a calendar year per insurer.
Proposed law retains present law and gives the commissioner the power to issue cease and
desist orders to prevent or terminate violations of the Insurance Code or any agreement,
regulation, or order of the commissioner whenever he knows or has reasonable cause to
believe that such a practice exists or is likely to occur.
Effective August 1, 2012.
(Adds R.S. 22:18(C))