2006 Louisiana Laws - RS 22:2092.9.2 — Title insurer; restrictions

§2092.9.2.  Title insurer; restrictions

A title insurer shall not:

(1)  Appoint any director, officer, controlling shareholder, or employee of a title insurance agent to serve on the title insurer's board of directors if the title insurance agent wrote one percent or more of the direct premiums of the title insurer written during the previous calendar year as shown on the title insurer's most recent annual statement on file with the department.  This Subsection shall not apply to relationships governed by R.S. 22:1001 through 1015.

(2)  Jointly employ an individual who is employed with the title insurance agent unless the title insurer and the title insurance agent are affiliated or otherwise under common control as defined by R.S. 22:1002(3).

(3)  Engage in the practice of law as defined by R.S. 37:212.

Acts 1999, No. 192, §1, eff. June 9, 1999.