SLS 17RS-277 ORIGINAL
2017 Regular Session
SENATE BILL NO. 53
BY SENATOR LONG
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
INSURANCE DEPARTMENT. Provides relative to license fees for viatical settlement
providers and insurance claims adjusters. (8/1/17)
1 AN ACT
2 To amend and reenact R.S. 22:821(B)(19)(c) and to enact R.S. 22:821(B)(23)(d), relative
3 to fees collected in advance by the commissioner of insurance; to provide for license
4 fees for viatical settlement providers and insurance claims adjusters; and to provide
5 for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 22:821(B)(19)(c) is hereby amended and reenacted and R.S.
8 22:821(B)(23)(d) is hereby enacted to read as follows:
9 ยง821. Fees
10 * * *
11 B. The following fees and licenses shall be collected in advance by the commissioner
12 of insurance:
13 * * *
14 (19) For viatical settlement licenses:
15 * * *
16 (c) Viatical settlement provider:
17 First time applicant $1,000.00
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 53
SLS 17RS-277 ORIGINAL
1 Annual renewal $500.00
2 * * *
3 (23) For claims adjuster licenses and registrations:
4 * * *
5 (d) Fee for failure to file adjuster license renewal timely (per license) $50.00.
6 * * *
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Cheryl Cooper.
DIGEST
SB 53 Original 2017 Regular Session Long
Present law provides for a license fee for a first time viatical settlement provider of
$1000.00.
Proposed law retains present law and provides an annual renewal fee of $500.00 for viatical
settlement providers.
Present law provides for fees for claims adjuster licenses and registrations.
Proposed law retains present law and provides for a $50.00 fee per license for failure to
timely file and adjuster license renewal.
Effective August 1, 2017.
(Amends R.S. 22:821(B)(19)(c); adds R.S. 22:821(B)(23)(d))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.