La. Admin. Code tit. 37 § XIII-9013

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

Section XIII-9013 - Special Commercial Entities

A.Special Commercial Entity-a person who meets the criteria for an exempt commercial policyholder.

B. An Exempt Commercial Policyholder-any person who applies for or procures commercial risk insurance, of the kinds provided for in §9011, and meets the following criteria:

1. has and maintains aggregate annual commercial insurance premiums, excluding worker's compensation and employer's liability, and professional liability insurance premiums, of more than $200,000 in the preceding fiscal year. In determining whether this threshold has been met, premiums paid to one or more insurers are to be added together to reach the total aggregate;

2. at the time the policy is issued the policyholder must have:

a. if a single company not less than 50 employees;

b. if a member of an affiliated group not less than 100 employees collectively;

c. if a municipality a population of not less than 50,000; and

d. if a public entity an operating budget of not less than $20 million for the most recently completed calendar or fiscal year whichever applies;

3. has signed the certification form as provided for in §9015. B of this regulation.

C. Beginning January 1, 2001, the criteria in Subsection B of this Section must be reviewed on an annual basis by the commissioner for the purposes of determining whether the criteria should be modified. The review must be completed on or before the thirty-first day of March.

La. Admin. Code tit. 37, § XIII-9013

Promulgated by the Department of Insurance, Office of the Commissioner, LR 26:501 (March 2000), Amended LR 451776 (12/1/2019).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2, R.S. 22:11, and R.S. 22:861.F.