Louisiana 2016 2016 Regular Session

Louisiana House Bill HB915 Introduced / Bill

                    HLS 16RS-1328	ORIGINAL
2016 Regular Session
HOUSE BILL NO. 915
BY REPRESENTATIVE HUVAL
INSURERS/AGENTS:  Provides relative to the sale of policies issued by the Louisiana
Citizens Property Insurance Corporation
1	AN ACT
2To amend and reenact R.S. 22:2313(A), relative to the sale of policies issued by Louisiana
3 Citizens Property and Casualty Insurance Corporation through its FAIR and Coastal
4 Plans; to limit the sale of such policies to resident licensed producers; and to provide
5 for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1.  R.S. 22:2313(A) is hereby amended and reenacted to read as follows: 
8 ยง2313.  Producers; authority to bind coverage
9	A.  Every producer resident in this state and licensed to sell property and
10 casualty insurance may sell insurance policies which that are issued by the Louisiana
11 Citizens Property Insurance Corporation through its FAIR and Coastal Plans.
12	*          *          *
13 Section 2.  This Act shall become effective upon signature by the governor or, if not
14signed by the governor, upon expiration of the time for bills to become law without signature
15by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana.  If
16vetoed by the governor and subsequently approved by the legislature, this Act shall become
17effective on the day following such approval.
Page 1 of 2
CODING:  Words in struck through type are deletions from existing law; words underscored
are additions. HLS 16RS-1328	ORIGINAL
HB NO. 915
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 915 Original 2016 Regular Session	Huval
Abstract: Authorizes only resident producers to sell insurance policies issued by La.
Citizens Property Insurance Corporation.
Present law authorizes every producer licensed by the state to sell property and casualty
insurance to sell insurance polices issued by La. Citizens Property Insurance Corporation.
Proposed law changes present law by authorizing only resident producers to sell insurance
polices issued by La. Citizens Property Insurance Corporation.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 22:2313(A))
Page 2 of 2
CODING:  Words in struck through type are deletions from existing law; words underscored
are additions.