2006 Louisiana Laws - RS 22:1263 — Records of surplus line broker

§1263.  Records of surplus line broker

Each licensed surplus line broker shall keep a full and true record of each surplus line contract, procured by him including a copy of the daily report, if any, showing such of the following items as may be applicable:

(1)  Amount of the insurance;

(2)  Gross premiums charged;

(3)  Return premium paid, if any;

(4)  Rate of premium charged upon the several items of property;

(5)  Effective date of the contract, and the terms thereof;

(6)  Name and address of the insurer;

(7)  Name and address of the insured;

(8)  Brief general description of property insured and where located;

(9)  Other information as may be required by the commissioner of insurance, including but not limited to the address of the worker's compensation claims office established by the insurer pursuant to R.S. 23:1161.1 and the name and address of the person authorized by the insurer to settle worker's compensation claims through such office or of the licensed claims adjuster retained by the insurer.

The record shall at all times be open to examination by the commissioner of insurance and whenever an examination shall be made by him of a surplus line broker, such examination shall be in compliance with and pursuant to the provisions of Part XXVIII* of this Title, insofar as the provisions of that Part are applicable to such examination.

Acts 1958, No. 125; Acts 1990, No. 885, §1; Acts 2004, No. 466, §1, eff. Jan. 1, 2005.

*R.S. 22:1301 to 22:1314.