La. Admin. Code tit. 42 § XV-1161

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

Section XV-1161 - Segregation of Funds

A. The operator shall segregate sports wagering account funds from operational funds.

B. The operator contract with the permitted operator vendor for sports wagering account services shall require the operator vendor to maintain crime insurance in an amount determined by the operator and the corporation. Such insurance shall cover any loss due to any fraudulent or dishonest act on the part of the permitted operator-us officers, employees, agents, or subcontractors. Such an event, in the sole discretion of the corporation, could be grounds for termination of the operator vendor permit whether or not the losses arising as a result thereof were paid under the crime insurance policy.

La. Admin. Code tit. 42, § XV-1161

Promulgated by the Louisiana Lottery Corporation LR 471892 (12/1/2021).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:9001 et seq.