A law that goes into effect today in Louisiana allows insurance producers to employ convicted felons if the producer obtains permission or consent in writing from the state insurance commissioner.
The Louisiana Department of Insurance reports that before the new law went into effect, convicted felons were prohibited from working in the business of insurance.
Advisory Letter 2018-02 released on July 31 by the LDI states: “It is incumbent upon producers to make a written request to obtain the consent of or a waiver from the commissioner if the producer intends to employ or allow to associate with his insurance business in any manner a person who has been convicted of any felony. The consent or a waiver is specific to and exclusively in favor of the hiring producer to avoid regulatory action by the commissioner as provided for in the statute.”
An insurance producer that fails to obtain a consent or waiver from the commissioner before employing a convicted felon may be subject to regulatory action.
Source: LDI
Topics Agencies Legislation Louisiana
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