Louisiana 2016 2016 Regular Session

Louisiana House Bill HB798 Comm Sub / Analysis

                    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)]
HB 798 Engrossed	2016 Regular Session	Talbot
Abstract:  Creates a limited lines license to sell property insurance for property self-stored in a self-
storage facility
Present law allows the issuance of certain specialty limited lines insurance licenses.
Proposed law retains present law and allows the issuance of an additional specialty limited lines
insurance license for selling property coverage for property self-stored in self-storage facilities.
Proposed law provides for procedures for issuing this limited lines license.  Specifies that the license
shall be subject to the same license and fee requirements as limited line producers.  Further provides
procedures for revocation of the license.
Proposed law provides for training for licensees.
(Adds R.S. 22:1550.1)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Insurance to the original bill:
1. Add that the license shall be subject to the same license and fee requirements as limited
line producers.