SLS 14RS-458 ENGROSSED
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, 2014
SENATE BILL NO. 260
BY SENATOR JOHNS
INSURANCE DEPARTMENT. Provides with respect to insurance producer license
reinstatement. (8/1/14)
AN ACT1
To amend and reenact R.S. 22:1547(D) and (G), relative to producer license; to provide with2
respect to license reinstatement after lapse; and to provide for related matters.3
Be it enacted by the Legislature of Louisiana:4
Section 1. R.S. 22:1547(D) and (G) are hereby amended and reenacted to read as5
follows: 6
ยง1547. License7
* * *8
D. An insurance producer who allows his license to lapse may, within five9
two years from the expiration date of the license, reinstate the same license upon10
proof of fulfilling all continuing education requirements through the date of11
reinstatement and upon payment of all fees due. If the license has been lapsed for12
more than five two years, the applicant shall fulfill the requirements for issuance of13
a new license.14
* * *15
G. Every licensee shall notify the commissioner, by any means acceptable to16
the commissioner, of any alteration in his residential, mailing, or business address17 SB NO. 260
SLS 14RS-458 ENGROSSED
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
within ten thirty days of the alteration. Failure to file an address change within the1
required time shall result in the imposition of a fifty-dollar penalty per violation. Any2
person against whom a penalty has been levied shall be given due notice of such3
action. Upon receipt of this notice, the licensee may apply for and shall be entitled4
to a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq.5
* * *6
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Cheryl Horne.
DIGEST
Johns (SB 260)
Present law permits an insurance producer who allows his license to lapse to reinstate the
same license within five years from the expiration upon proof of fulfilling all continuing
education requirements through the date of reinstatement and upon payment of all fees due.
Proposed law changes the five-year time frame to two years.
Present law requires every licensee to notify the commissioner, by any means acceptable to
the commissioner, of any alteration in his residential, mailing, or business address within ten
days of the alteration.
Proposed law changes the ten-day time frame to 30 days.
Effective August 1, 2014.
(Amends R.S. 22:1547(D) and (G))