Current with operative changes from the 2024 Third Special Legislative Session
Section 22:1626 - Examination authority; account reports; financial examinations; required notices to departmentA. The acts of the MGA are considered to be the acts of the insurer on whose behalf it is acting. An MGA may be examined as if it were the insurer.B. As the commissioner considers necessary, an MGA shall submit to an examination by the commissioner of the MGA's financial condition.C. The MGA shall pay the examination expenses in an amount the commissioner certifies as just and reasonable. Acts 1990, No. 265, §1, eff. midnight Dec. 31, 1991; Redesignated from R.S. 22:1206 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.Amended by Acts 2024, No. 488,s. 1, eff. 8/1/2024.Acts 1990, No. 265, §1, eff. midnight 12/31/1991; Redesignated from R.S. 22:1206 by Acts 2008, No. 415, §1, eff. 1/1/2009.