La. Admin. Code tit. 37 § XIII-3917
Current through Register Vol. 50, No. 11, November 20, 2024
Section XIII-3917 - Minimum Financial RequirementsA. Any viatical settlement provider licensed under this part shall be at the time of initial licensure and at all times thereafter be a solvent entity. Failure to maintain the required financial solvency shall be grounds for any appropriate action by the commissioner including, but not limited to, the immediate issuance of a cease and desist order and/or a summary suspension, or the revocation of the applicable license.La. Admin. Code tit. 37, § XIII-3917
Promulgated by the Department of Insurance, Office of the Commissioner, LR 35:2453 (November 2009).AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:1804, and the Administrative Procedure Act, R.S. 49:950 et seq.