RÉSUMÉ DIGEST
ACT 162 (SB 27) 2016 Regular Session John Smith
Prior law authorized the commissioner of insurance to issue a limited license to a motor
vehicle rental company, whether foreign or domestic, which license shall authorize the
company and its employees to offer or sell insurance in connection with the rental of motor
vehicles. New law allows the limited license to include authorized agents of the rental
company.
New law defines "authorized agent" as an agent or representative authorized by the limited
licensee to act individually on behalf, and under the supervision, of the limited licensee to
offer or sell insurance in connection with and incidental to the rental of motor vehicles.
New law provides that each employee and authorized agent of the motor vehicle rental
company is deemed to be licensed under the limited licensee's license when acting for or on
behalf of the limited licensee.
Prior law required that a limited license authorize any employee of the limited licensee to act
individually on behalf, and under the supervision, of the limited licensee. New law retains
these provisions but grants authorized agents of the licensee with the ability to act
individually on behalf, and under the supervision, of the limited licensee.
Effective August 1, 2016.
(Amends R.S. 22:1762, 1763(A) and 1766 (A) and (B))