La. Admin. Code tit. 37 § XI-2301
Current through Register Vol. 50, No. 11, November 20, 2024
Section XI-2301 - PurposesA. The purpose of this rule is to implement the provisions of R.S. 40:1428 by assessing a fee on insurers to pay the cost of investigation, enforcement, public education and public awareness, and prosecution of insurance fraud in this state as more fully described in R.S. 40:1421-1429 and this rule. This rule shall be effective upon final publication in the Louisiana Register.B. The fees collected shall be used solely for the purposes of Subpart B of Part III of Chapter 6 of Title 40 of the Louisiana Revised Statutes of 1950, comprised of R.S. 40:1421 through 1429, entitled "Insurance Fraud Investigation Unit".La. Admin. Code tit. 37, § XI-2301
Promulgated by the Department of Insurance, Office of the Commissioner, LR 26:323 (February 2000), Amended LR 4564 (1/1/2019).AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2 and R.S. 40:1428.