2006 Louisiana Laws - RS 22:1258 — Endorsement of contract

§1258.  Endorsement of contract

A.  Every insurance contract procured and delivered as a surplus line coverage pursuant to this Part shall have stamped or printed upon it and be signed by the surplus lines broker who procured it, in bold type and the face of which shall not be less than ten-point type, the following:

NOTICE

This insurance policy is delivered as a surplus line coverage under the Insurance Code of the State of Louisiana.

In the event of insolvency of the company issuing this contract, the policyholder or claimant is not covered by the Louisiana Insurance Guaranty Association which guarantees only specific policies issued by an insurance company authorized to do business in Louisiana.

This surplus lines policy has been procured by the following licensed Louisiana surplus lines broker:

Signature of Licensed Louisiana Surplus Lines Broker

 or Authorized Representative

Printed Name of Licensed Louisiana Surplus Lines Broker

B.  The notice required under this Section shall, whether stamped or printed, be distinguished in either one of the following ways:

(1)  The notice shall be prominently displayed in the color red.

(2)  If the notice is printed or stamped in the color black, it shall be prominently offset by a black border.

Acts 1958, No. 125.  Amended by Acts 1958, No. 291, §1; Acts 1972, No. 241, §1; Acts 1999, No. 868, §1; Acts 2004, No. 466, §1, eff. Jan. 1, 2005.