Louisiana Revised Statutes 36:694 – There is hereby created an office of health, life, and annuity in the Department of Insurance. The office shall be under the direction of the deputy commissioner for health, life, an
Terms Used In Louisiana Revised Statutes 36:694
- 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.
- Enrolled bill: The final copy of a bill or joint resolution which has passed both chambers in identical form. It is printed on parchment paper, signed by appropriate officials, and submitted to the President/Governor for signature.
- Office: means each principal operational unit within a department, except the executive office of the secretary. See Louisiana Revised Statutes 36:3
There is hereby created an office of health, life, and annuity in the Department of Insurance. The office shall be under the direction of the deputy commissioner for health, life, and annuity. The duties and functions of the office of health, life, and annuity and the deputy commissioner for health, life, and annuity shall be development and administration of health insurance pilot programs as established by the legislature, research and development of rules and regulations to implement health insurance reform legislation, research and development of health insurance reform measures that broaden the availability of health insurance coverage in the state, liaison activities for the Department of Insurance with other state and national agencies for policy on health insurance, preparation of proposed health insurance reform legislation by the department; general research and implementation issues concerning health insurance policy, approval of life and annuity form filings, and additional duties and functions as assigned by the commissioner.1
Acts 1995, No. 341, §1; Acts 1999, No. 885, §2, eff. June 30, 1999; Acts 2015, No. 274, §2, eff. June 29, 2015.
1The language of the third sentence of this Section is as it appears in the enrolled bill (Acts 1999, No. 885, §2).