Licensing Requirements: Surplus lines brokers are required to be licensed under Louisiana law. La. Rev. Stat. Ann. § 22:432. Before an individual resident candidate for an insurance producer license for the
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? No. A producer may not, however, improperly
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Licensed agents and brokers may charge fees in addition
Any fees charged, other than commissions, for financial planning by insurance producers must be based upon a written agreement, signed by the party to be charged in advance of the
What entities are covered? “Any person that conducts business in [Louisiana] or that owns or licenses computerized data that includes personal information, or any agency that owns or licenses computerized
