2006 Louisiana Laws - RS 22:1406 — Specific duties of casualty and surety division; uninsured motorist coverage; temporary substitute vehicles and rental vehicles

§1406.  Specific duties of the Louisiana Insurance Rating Commission

A.  Every insurance company, reciprocal or exchange, authorized to write casualty insurance, including vehicle insurance, within the scope of this Part shall adhere to rates as approved by the commission.  Rates filed in accordance with the provisions of R.S. 22:1407(F) shall be subject to review as provided in R.S. 22:1408(C), and any insurer may apply for a deviation in accordance with R.S. 22:1410.

B.  The commission, after review, shall approve territorial definitions and classification plans for all casualty insurance coverages, as incorporated in rate and rule filings submitted by insurers, and such territories and classification plans shall be adhered to as approved, provided that nothing in this Subsection shall be construed as requiring uniformity in insurance rates.

C.  Repealed by Acts 2003, No. 456, §2.

Acts 1958, No. 125.  Amended by Acts 1960, No. 296, §1; Acts 1962, No. 187, §1; Acts 1964, No. 118, §1; Acts 1964, No. 138, §1; Acts 1966, No. 136, §1; Acts 1970, No. 345, §1; Acts 1972, No. 137, §1, eff. Jan. 1, 1973; Acts 1972, No. 550, §1; Acts 1974, No. 154, §1; Acts 1975, No. 494, §1; Acts 1975, No. 656, §1; Acts 1976, No. 674, §1, eff. Aug. 5, 1976; Acts 1977, No. 438, §1; Acts 1977, No. 623, §1; Acts 1978, No. 543, §2; Acts 1980, No. 510, §3; Acts 1980, No. 621, §3; Acts 1986, No. 544, §1; Acts 1987, No. 436, §1; Acts 1987, No. 439, §1; Acts 1987, No. 444, §1; Acts 1988, No. 203, §1; Acts 1988, No. 233, §1, eff. July 6, 1988; Acts 1989, No. 438, §1; Acts 1990, No. 301, §1; Acts 1990, No. 634, §1; Acts 1990, No. 677, §1; Acts 1991, No. 626, §1; Acts 1991, No. 806, §1; Acts 1992, No. 335, §1; Acts 1992, No. 583, §1; Acts 1992, No. 980, §1; Acts 1993, No. 142, §1; Acts 1993, No. 834, §6, eff. June 22, 1993; Acts 1997, No. 951, §1; Acts 1997, No. 1476, §3, eff. Sept. 6, 1998; Acts 1999, No. 732, §1; Acts 2003, No. 456, §§1, 2, and 3.

NOTE:  See Acts 1997, No. 1476, §5(D)(2).  The rate reduction day was the date on which the judgment in the lawsuit became final, May 8, 1998.  Sections 2 through 4 became effective 120 days thereafter, Sept. 6, 1998.