Louisiana 2019 2019 Regular Session

Louisiana Senate Bill SB87 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Cheryl Cooper.
DIGEST
SB 87 Engrossed	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))