La. Admin. Code tit. 37 § XIII-11713

Current through Register Vol. 50, No. 11, November 20, 2024

Section XIII-11713 - Compliance Mitigation; Penalties; Enforcement

A. An insurer is responsible for compliance with this regulation. If a violation occurs, either because of the action or inaction of the insurer or its producer, the Department may order:

1. an insurer to take reasonably appropriate corrective action for any consumer harmed by a failure to comply with this regulation by the insurer, an entity contracted to perform the insurer's supervisory duties, or by the producer;

2. a general agency, independent agency, or producer to take reasonably appropriate corrective action for any consumer harmed by the producer's violation of this regulation; and

3. appropriate penalties and sanctions.

B. Any applicable penalty for a violation of this regulation may be reduced or eliminated if corrective action for the consumer was taken promptly after a violation was discovered or the violation was not part of a pattern or practice.

La. Admin. Code tit. 37, § XIII-11713

Promulgated by the Department of Insurance, Office of the Commissioner, LR 32:2269 (December 2006), Amended LR 45761 (6/1/2019), Amended LR 501289 (9/1/2024).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:919, 22:1576, and the Administrative Procedure Act, R.S. 49:950 et seq.