HLS 19RS-449 ORIGINAL 2019 Regular Session HOUSE BILL NO. 319 BY REPRESENTATIVE PIERRE Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. INSURERS/AGENTS: Provides relative to the appointment of an insurance producer as an agent for an insurer 1 AN ACT 2To amend and reenact R.S. 22:1558(D), relative to the appointment of an insurance producer 3 as an agent for an insurer; to provide for the registration of all individual producers 4 with a business entity appointed as an agent for an insurer; and to provide for related 5 matters. 6Be it enacted by the Legislature of Louisiana: 7 Section 1. R.S. 22:1558(D) is hereby amended and reenacted to read as follows: 8 ยง1558. Appointments 9 * * * 10 D. If any producer is operating or intends to operate its business affairs as 11 a partnership, corporation, or other business entity, the appointments in this Section 12 may be issued by an insurer in the name of such the partnership, corporation, or other 13 business entity if all persons in such the partnership, corporation, or other business 14 entity actively engaged in soliciting, negotiating, or effecting contracts of insurance 15 or renewals thereof also hold an active producer license issued in accordance with 16 the provisions of this Subpart and are registered pursuant to R.S. 22:1546(B). Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HB NO. 319 HLS 19RS-449 ORIGINAL 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 319 Original 2019 Regular Session Pierre Abstract: Requires all individual producers with a business entity appointed as an agent for an insurer to be registered with the Dept. of Insurance. Present law requires that any producer, appointed as an agent by an insurer, who intends to operate its business affairs as a partnership, corporation, or other business entity shall have all persons of the business entity who are actively engaged in soliciting, negotiating, or effecting contracts of insurance or renewals hold an active producer license. Proposed law extends present law to provide that all persons actively engaged in soliciting, negotiating, or effecting contracts of insurance or renewals shall register with the Dept. of Insurance pursuant to present law. (Amends R.S. 22:1558(D)) Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.