Louisiana Revised Statutes 22:903 – Agent of life insurer not to be made agent of insured
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Terms Used In Louisiana Revised Statutes 22:903
- Contract: A legal written agreement that becomes binding when signed.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
No life insurer shall provide in any application, policy or certificate of insurance that the person soliciting such insurance or any person who is engaged in the business of soliciting insurance for the insurer and whose compensation is either paid by the insurer or is contingent upon the issuance of such policy, is the agent of the person insured. No such insurer shall insert in any policy or contract any provision to make the acts or representations of such person binding upon the insured.
Acts 1958, No. 125; Redesignated from La. Rev. Stat. 22:180 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
NOTE: Former La. Rev. Stat. 22:903 redesignated as La. Rev. Stat. 22:770 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.