The Louisiana Department of Insurance has issued Bulletin No. 2018-02 to inform all risk bearing entities of the requirements of Act 10 of the 2017 Regular Session of the Louisiana Legislature. Beginning January 1, 2018, all risk bearing entities must provide current contact information to the Louisiana Department of Insurance and annually certify, by electronic means, the accuracy of the name, mailing address, phone number, and electronic mail address of the individual appointed as their consumer complaint contact, regulatory compliance contact, annual statement contact and premium tax contact. Life insurers are also required to name a Life Policy Verification Contact and insurers writing automobile liability coverages must name a contact to verify the existence of automobile liability insurance (No Pay- No Play contact). The updates and annual certification may be submitted through the Licensee Contacts Module of the department’s Industry Access System. The Uniform Certificate of Authority Corporate Amendment Form 14 may be used to notify the department of the updated contact information; however the annual certification will only be available through the Industry Access System. A full copy of the Bulletin may be found here.
For any questions or updates regarding the bulletin, please contact Westmont Associates, Inc.
|
Contact Westmont Associates, Inc. Westmont Associates, Inc. tracks developments affecting the insurance industry, in addition to our other services. If you have any questions, please contact us. |
|
info@westmontlaw.com | (856) 216-0220 | westmontlaw.com |
