2019 Regular Session ENROLLED
SENATE BILL NO. 87
BY SENATOR JOHN SMITH
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
1 AN ACT
2 To amend and reenact R.S. 22:1548(C) and to enact R.S. 22:1548(F), relative to the
3 licensing of nonresident insurance producers; to require the maintenance of a home
4 state license; to provide for termination of the nonresident license; to provide for an
5 effective date; and to provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 22:1548(C) is hereby amended and reenacted and R.S. 22:1548(F)
8 is hereby enacted to read as follows:
9 ยง1548. Nonresident licensing
10 * * *
11 C. A nonresident producer who moves from one state to another state or a
12 resident producer who moves from this state to another state shall file a change of
13 address and provide certification from the new resident state within thirty days of the
14 change of legal residence. The change of address shall include the producer's
15 current and prior addresses. No fee or license application is required.
16 * * *
17 F. Except as provided in Subsection C of this Section, as a condition of
18 continuation of a nonresident producer license issued pursuant to this Section,
19 a nonresident producer shall maintain in good standing a current resident
20 producer license in his home state. A nonresident producer license issued
21 pursuant to this Section shall cease to be current or in good standing in this
ACT No. 82
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 ENROLLED
1 state, without further action by the commissioner, if the home state resident
2 producer license ceases to be current or in good standing.
3 Section 2. This Act shall become effective on January 1, 2020.
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.