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La. R.S. 22:1626

Examination authority; account reports; financial examinations; required notices to department

Acts 1990, No. 265, §1, eff. midnight Dec. 31, 1991; Redesignated from R.S. 22:1206 by Acts 2008, No. 415, §1, eff

A. The acts of the MGA are considered to be the acts of the insurer on whose behalf it is acting. An MGA may be examined as if it were the insurer.

B. As the commissioner considers necessary, an MGA shall submit to an examination by the commissioner of the MGA's financial condition.

C. The MGA shall pay the examination expenses in an amount that the commissioner certifies as just and reasonable.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.