Louisiana Revised Statutes 36:681 – A. The Department of Insurance is created and shall be a body corporate with the power to sue and be sued. The domicile of the department shall be in Baton Rouge.
Terms Used In Louisiana Revised Statutes 36:681
- 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.
- Office: means each principal operational unit within a department, except the executive office of the secretary. See Louisiana Revised Statutes 36:3
A. The Department of Insurance is created and shall be a body corporate with the power to sue and be sued. The domicile of the department shall be in Baton Rouge.
B. The Department of Insurance shall be responsible for performing the functions of the commissioner of insurance and such other functions as are provided by law.
C.(1) The officers of the department shall be the commissioner of insurance; the chief deputy commissioner, if one is appointed; the deputy commissioner for management and finance; the deputy commissioner for policy, innovation, and research; the deputy commissioner for property and casualty; the deputy commissioner for insurance fraud; the deputy commissioner for licensing; the deputy commissioner for financial solvency; the deputy commissioner for health, life, and annuity; the deputy commissioner for public affairs; the deputy commissioner for consumer services; the deputy commissioner for consumer advocacy and diversity; the assistant commissioner of diversity and opportunity; and the executive counsel.
(2) With the exception of the commissioner of insurance, each shall be appointed by the commissioner of insurance with the consent of the Senate and shall serve at the pleasure of the commissioner of insurance, at a salary fixed by the commissioner, which salary shall not exceed the amount approved for such position by the legislature while in session. Their duties and functions shall be determined and assigned by the commissioner of insurance and as provided in this Title.
(3) If a chief deputy commissioner is appointed, he shall be the first assistant to the commissioner of insurance appointed pursuant to La. Const. Art. IV, § 13 . If a chief deputy commissioner is not appointed, the commissioner of insurance shall appoint his first assistant to one of the offices of deputy commissioner.
D. The Department of Insurance shall be composed of the executive office of the commissioner; the office of management and finance; the office of policy, innovation, and research; the office of property and casualty; the office of insurance fraud; the office licensing; the office of financial solvency; the office of health, life, and annuity; the division of public affairs; the office of consumer services; the office of consumer advocacy and diversity; the division of diversity and opportunity; and the office of legal services.
Added by Acts 1977, No. 83, §1; eff. June 22, 1977; Acts 1985, No. 520, §1; Acts 1992, No. 477, §1; Acts 1999, No. 885, §2, eff. June 30, 1999; Acts 2001, No. 184, §2, eff. July 1, 2001; Acts 2006, No. 383, §1, eff. June 15, 2006; Acts 2007, No. 222, §1, eff. July 2, 2007; Acts 2013, No. 217, §2; Acts 2015, No. 274, §2, eff. June 29, 2015; Acts 2022, No. 159, §2, eff. May 25, 2022.