Category: Louisiana

  Recently, the Supreme Court of Louisiana decided that an insurance agent’s duty to exercise “reasonable diligence” in advising his or her client does not include an “independent duty” to advise the client whether the client has procured the correct …

By Richard J. Fidei, PartnerColodny Fass   Louisiana Governor Bobby Jindal signed House Bill 952 into law on June 21, 2010, whereupon it became effective immediately.  Sponsored by Representative Charles Kleckley, the measure provides for changes to encourage more Louisiana …

  According to the Louisiana Department of Insurance Advisory Letter No. 2010-01 (“Letter”) issued on August 9, 2010, “serious issues” exist involving producer compensation agreements and the manner in which producer compensation is being addressed among insurers, producers and insureds …

  The Louisiana Department of Insurance (“LDI”) recently concluded its 7th Annual Filing and Compliance Seminar in conjunction with the Louisiana Insurers’ Conference in New Orleans, Louisiana.  The 2010 Seminar, which was held from July 28 through July 30, provided …

  On July 8, 2010, Louisiana Governor Bobby Jindal signed SB 595 into law. Effective upon having been signed, SB 595 prohibits insurers from canceling or nonrenewing any homeowners’ insurance policy (regardless of whether it has been in effect for fewer …

  After a hostile amendment was recently added to legislation relating to the Louisiana Investment Tax Credit Program, the bill, SB 321, apparently will not be taken up for final passage during the balance of the 2010 Louisiana Regular Legislative …

  A bill prohibiting insurers from assessing monetary penalties against insureds who elect to cancel their policies has passed the Louisiana Legislature and was certified by Senate President Joel T. Chaisson, II and House Speaker Jim Tucker on June 1 and …

  A bill providing that approved unauthorized insurers delivering surplus lines insurance in the State of Louisiana would not be required to file or seek approval of their forms and rates was passed by the State Senate on June 2, …

  A bill that expands investment options for insurance companies in Louisiana was passed unanimously by the Louisiana House of Representatives Insurance Committee today, March 31. Among other provisions, the bill, HB 284, would enable insurers to invest in stocks …

  Assistance Available for Louisiana Producer Appointment and Termination Electronic Submission Transition Subsequent to issuing Bulletin 09-10, which establishes requirements for the electronic submission of producer appointments and terminations, the Louisiana Department of Insurance (“LDOI”) has indicated that it will …