TITLE 22. INSURANCE CODE

CHAPTER 1. GENERAL PROVISIONS

PART XXX. LOUISIANA INSURANCE RATING COMMISSION AND RATE REGULATION

SUBPART C. RULES, ENFORCEMENT, AND MISCELLANEOUS PROVISIONS

22:1447     Failure to comply with written orders or directives;  penalties

            If any insurance company or rating organization fails to comply with a written directive or order issued by the Louisiana Insurance Rating Commission pursuant to this Part within thirty days of the issuance thereof, the Louisiana Insurance Rating Commission may levy and receive a fine of up to twenty-five thousand dollars.  The penalty shall not be imposed until such time that the Louisiana Insurance Rating Commission makes a finding that the penalty is warranted in a proper hearing, held in the manner provided in Part XXIX of Chapter 1 of this Title.

Added by Acts 1978, No. 524, § 1.  Amended by Acts 1987, No. 313, § 1;  Acts 1990, No. 647, § 1.