Usufruct
R.S. 22:521

Title insurance producer; policies and funds remittance ACTIVE

A. Unless a later date is specifically authorized by the title insurer for a particular transaction, the title insurance producer shall account for and remit all funds and policies due under the contract to the title insurer by the earlier of:

(1) Sixty days after the effective date of the policy.

(2) The time specified by the underwriting contract.

B. Notwithstanding the provisions of Subsection A of this Section, when a report has been issued, the title insurance producer shall account for and remit all funds and policies due under the contract to the title insurer within sixty days after satisfaction of all requirements and conditions of the report.

C. The premium for any policy of insurance shall be due and payable at the settlement of the transaction.

D. No title insurer or title insurance producer shall issue a title insurance report wherein the issuance of a policy of insurance is not contemplated.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1999, No. 192, §1, eff. June 9, 1999
  • amendment Acts 2009, No. 503, §1

Section navigation

Cite R.S. 22:521

Bluebook
La. Rev. Stat. Ann. § 22:521 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-521
BibTeX
@misc{larevstat-22-521,
  title        = {La. Rev. Stat. Ann. § 22:521},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-521},
  note         = {Snapshot 2026-05-22}
}