Louisiana Revised Statutes > Title 22 > Chapter 1 > Part I > Subpart A – Office of the Insurance Commissioner; General Duties and Responsibilities
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Terms Used In Louisiana Revised Statutes > Title 22 > Chapter 1 > Part I > Subpart A - Office of the Insurance Commissioner; General Duties and Responsibilities
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Fraud: Intentional deception resulting in injury to another.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Oversight: Committee review of the activities of a Federal agency or program.
- Subpoena: A command to a witness to appear and give testimony.
- Testify: Answer questions in court.
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.