SB NO. 87
SLS 19RS-132 ORIGINAL
2019 Regular Session
SENATE BILL NO. 87
BY SENATOR JOHN SMITH
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
INSURERS. Requires a nonresident producer to surrender the Louisiana nonresident license
when the resident license on which it is based terminates. (1/1/2020)
1 AN ACT
2 To enact R.S. 22:1548(F), relative to the licensing of nonresident insurance producers; to
3 require the maintenance of a home state license; to provide for termination of the
4 nonresident license; to provide for an effective date; and to provide for related
5 matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 22:1548(F) is hereby enacted to read as follows:
8 ยง1548. Nonresident licensing
9 * * *
10 F.(1) Except as provided in Paragraph (2) of this Subsection, as a
11 condition of continuation of a nonresident producer license issued pursuant to
12 this Section, a nonresident producer shall maintain a producer license in his
13 home state. A nonresident producer license issued pursuant to this Section shall
14 terminate and be surrendered immediately to the commissioner, if the home
15 state producer license terminates for any reason.
16 (2) A nonresident producer license may remain in force if the producer
17 has been issued a license as a resident producer in a new home state that awards
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. 87
SLS 19RS-132 ORIGINAL
1 nonresident producer licenses to residents of this state on a reciprocal basis and
2 the other requirements of this Section are met. The nonresident producer shall
3 notify the commissioner of the change within thirty days, in compliance with
4 Subsection C of this Section. The notification shall include the licensee's current
5 and prior addresses.
6 Section 2. This Act shall become effective on January 1, 2020.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Cheryl Cooper.
DIGEST
SB 87 Original 2019 Regular Session John Smith
Present law requires a person licensed in La. as a nonresident insurance producer who moves
from one state to another to file a change of address and provide certification from the new
resident state within thirty days of the change of legal residence.
Proposed law requires a nonresident producer to surrender the Louisiana nonresident license
when the resident license on which it is based terminates. Authorizes the nonresident license
to remain in force if the licensee holds a resident producer license in the new home state and
the licensee complies with present law notification requirements. Specifies that the
notification must include the licensee's current and prior addresses.
Effective January 1, 2020.
(Adds R.S. 22:1548(F))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.