US Laws, Codes, Statutes & Cases

§8.  Assessments on insurers; disposition of fees

A.  The Department of Insurance shall be comprised of the office of the commissioner, the office of management and finance, the office of property and casualty, the office of receivership, the office of licensing and compliance, the office of financial solvency, the office of health insurance, the division of legal services, the division of public affairs, the division of minority affairs, and any other office or division that may be included by the Executive Reorganization Act or other law.  Each office or division shall be administered as prescribed by Titles 36 and 39 of the Louisiana Revised Statutes of 1950.

B.  The commissioner of insurance shall assess every insurer subject to the jurisdiction of the Department of Insurance, as provided by law.

C.  Subject to the exceptions contained in Article VII, Section 9 of the Constitution of Louisiana, all monies, funds, proceeds, and fees except for insurance premium taxes, and dedicated funds for the Municipal Police Employee's Retirement System, Sheriff's Pension and Relief Fund, and the Firefighters' Retirement System received or collected by the commissioner under the provisions of this Title shall be deposited immediately upon receipt into the state treasury and shall be credited to the Bond Security and Redemption Fund.

Acts 1986, No. 473, §1, eff. July 1, 1986; Acts 1992, No. 984, §7; Acts 1999, No. 885, §1, eff. June 30, 1999; Acts 2001, No. 184, §1, eff. July 1, 2001.