Usufruct
R.S. 23:1407

Sales of policies; agents not liable ACTIVE

A. Any insurance agent licensed to sell workers' compensation insurance in this state shall be authorized to sell insurance policies for the corporation in compliance with the bylaws adopted by the corporation and R.S. 22:1113(A)(3) 1 . The board of directors shall establish a schedule of commissions to pay for the services of the agent.

B. No action shall lie against any person authorized to sell insurance by this Section for any claim arising out of the corporation's insolvency or inability to pay claims.

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JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1991, No. 814, §1, eff. Nov. 20, 1991
  • amendment Acts 1997, No. 301, §2
  • amendment Acts 2008, No. 415, §2, eff. Jan. 1, 2009. 1 Repealed

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Cite R.S. 23:1407

Bluebook
La. Rev. Stat. Ann. § 23:1407 (2026).
Permalink
https://theusufruct.com/rs/title-23/section-1407
BibTeX
@misc{larevstat-23-1407,
  title        = {La. Rev. Stat. Ann. § 23:1407},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-23/section-1407},
  note         = {Snapshot 2026-05-22}
}