Louisiana 2017 2017 Regular Session

Louisiana House Bill HB233 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 233 Original	2017 Regular Session	Thomas
Abstract:  Provides with respect to the evidence required to obtain and maintain placement on the
list of approved unauthorized insurers.
Present law requires that in order to be placed on the list of approved unauthorized insurers, an
unauthorized insurer shall comply with present law (R.S. 22:435) and shall file evidence with the
commissioner through the NAIC or as follows:
(1) A copy of the insurer's annual statement as of the preceding Dec. 31 showing that it has
complied with the provisions of present law.
(2)If a workers' compensation carrier, evidence that it has established and maintained a claims
office pursuant to the requirements set forth in present law (R.S. 23:1161.1) or has retained
a licensed claims adjuster.
(3)A copy of the producer production report in a form required by the commissioner listing all
business placed with the company by licensed surplus lines brokers.
Proposed law retains present law and adds a requirement to file evidence from the insurer's
domiciliary jurisdiction showing the types of insurance it may write in that jurisdiction.
Effective July 1, 2017.
(Adds R.S. 22:436(B)(4))