La. Admin. Code tit. 37 § XI-1909
Current through Register Vol. 50, No. 11, November 20, 2024
Section XI-1909 - Qualifications as Insurer RequiredA. Any person who accepts a pre-payment from or for the benefit of any other person or group of persons as consideration for providing to such person or group of persons the opportunity to receive reimbursement or payment for legal services at such time in the future as such services may be appropriate or necessary must meet the requirements of the Louisiana Insurance Code by becoming qualified as an insurer which is authorized to write miscellaneous coverage. (See "Exemptions" under §1907 of this rule.) Persons offering these services shall qualify as a mutual, stock, reciprocal or Lloyds' plan insurer as defined in Title 22, Louisiana Revised Statutes of 1950, as amended.La. Admin. Code tit. 37, § XI-1909
Promulgated by the Department of Insurance, Commissioner of Insurance, LR 8:235 (May 1982), Amended LR 471537 (10/1/2021).AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2.