Louisiana 2019 2019 Regular Session

Louisiana Senate Bill SB75 Introduced / Bill

                    SLS 19RS-247	ORIGINAL
2019 Regular Session
SENATE BILL NO. 75
BY SENATOR LAMBERT 
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
INSURERS.  Provides for changes in the producer of record upon written request of the
policyholder or first named insured.  (7/1/19)
1	AN ACT
2 To amend and reenact R.S. 22:1564(B)(2), relative to insurance producers of record; to
3 provide for the change of producer of record upon the written request of the owner
4 of the policy or first-named insured; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1.  R.S. 22:1564(B)(2) is hereby amended to read as follows:
7 ยง1564.  Producers of record
8	*          *          *
9	B.	*          *          *
10	(2) Except as provided in Paragraph (1) of this Subsection upon written
11 request of the owner of the policy or the first-named insured if there are
12 multiple insureds under a particular contract, no insurer or producer shall cancel
13 and rewrite any such contracts during the term of such contract or until the renewal
14 date of the contract, whichever occurs first, which would change the producer of
15 record.
16	*          *          *
17 Section 2.  This Act shall become effective on July 1, 2019.
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. 75
SLS 19RS-247	ORIGINAL
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Cheryl Cooper.
DIGEST
SB 75 Original	2019 Regular Session	Lambert
Present law requires an insurer to retain the producer of record who wrote the policy or
bonds for the full term of the contract or until the renewal date or termination of the contract,
whichever occurs first.
Proposed law permits the owner of a policy, or first-named insured if there are multiple
insureds under a particular contract, to authorize an insurer or producer to cancel and rewrite
a contract during the term of such contract which would change the producer of record.
Effective July 1, 2019.
(Amends R.S. 22:1564(B)(2))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.