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Licensing requirements for Louisiana insurance professionals and companies.
This page provides an overview of insurance licensing in Louisiana for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in Louisiana must apply for a license prior to doing
business. Depending on the lines of authority offered by the entity and the types of services offered, multiple
firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the
necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state
firms, in anticipation of application requirements.
Copy of the Articles of Incorporation, Articles of Association, partnership agreement or other such organizational documents and all amendments thereto of the applicant certified by the proper domiciliary official. The certification must be dated within 90 days of submission.
Copy of the by-laws, operating agreement, rules, regulations or similar document of the applicant certified as true and correct by the secretary of the applicant. The certification must be dated within 90 days of submission.
Trade name certificate issued by the Secretary of State of Louisiana confirming registration of any trade name with that Office. This item must be supplied by any applicant utilizing a trade name in Louisiana.
Completed biographical affidavits for all persons responsible for the conduct of affairs of the applicant. This should include all officers, all directors, all partners (in the case of a partnership), all trustees, all executive committee members and all person(s) owning, directly or indirectly, 10 percent or more of the applicant and any other person who exercises control or influence over the affairs of the applicant.
Copy of the procedures manual of the applicant which meets the statutory requirements for making performing external independent reviews. Required only from applicants which are not accredited by URAC.
A detailed description of the corporate organizational/ownership structure of the applicant, its parent company and all affiliates. This description should include a chart showing the ownership percentages for any persons owning 10 percent or more of the applicant and all affiliated entities up to and including the ultimate controlling person. The chart must include the state of domicile and the Federal Employer Identification Number (FEIN) for each person.
Renewal Not Required
Not required
IRO registrations do not expire.
Louisiana Insurance Agency License
Agency:
Louisiana Department of Insurance
Initial Registration
This section applies to insurance firms that are applying for a license in Louisiana for the first time.
If the applicant is domiciled in Louisiana, the entity is subject to the provisions of LAC37:XXIII. Chapter 5L (Regulation 66) and must supply certain additional information for all persons responsible for the conduct of affairs of the applicant.
Foreign Qualification is Prerequisite:
Yes
Bond Requirements:
Provide evidence of a statutory deposit as indicated below.
A one hundred thousand dollar ($100,000.00) surety bond issued by a surety company licensed to do business in the state of Louisiana. The appropriate bond form is attached. The original bond must be submitted.
A safekeeping or trust receipt from a bank doing business within the state or from a savings and loan association chartered to do business in this state verifying that the applicant has deposited one hundred thousand dollars($100,000.00) in money or acceptable bonds with that institution and pledged said deposit to the Commissioner of Insurance. The banks have the necessary pledge forms. Do not contact this Office to request one.
A bond in compliance with La. R.S. 23:1196 C(1). This requirement is applicable to any applicant which is acting as a third party administrator (service company) of only workers’ compensation self insured funds licensed pursuant to La. R.S. 23:1191, et seq.
The business of the applicant is restricted solely to benefit plans which are fully insured by an authorized insurer.
Failure to file the annual report and fee will not result in an expiration of the license. It may, however, result in the revocation or suspension of the license. Such actions are reported to all other states as regulatory actions and may lead to additional actions by other states.
A copy of the articles of incorporation, articles of association, partnership agreement or other such organizational documents and all amendments thereto of the applicant certified by the proper domiciliary official. The certification must be original and dated within 90 days of submission.
A copy of the bylaws of the applicant certified as true and correct by the secretary of the applicant, if a corporation; a partner, if a partnership; or other appropriate person. This certification must be within 90 days of submission.
A copy of the trade name certificate issued to the applicant by the Louisiana Secretary of State. This item must be supplied by any applicant utilizing a trade name or d/b/a in Louisiana.
Completed biographical affidavits for all persons responsible for the conduct of affairs of the applicant. This should include all officers, all directors, all partners (in the case of a partnership), all trustees, all executive committee members and all person(s) owning, directly or indirectly, 10 percent or more of the applicant and any other person who exercises control or influence over the affairs of the applicant. This must include a completed affidavit for the medical director of the applicant.
A copy of the applicant’s procedure manual which meets the requirements of Chapter 18 of the Louisiana Insurance Code (La. R.S. 22:2391-2453) for making clinical or medical necessity determinations and resolving disputes in the internal claims and appeals process.
A description of procedures used in making adverse determinations that describes all review activities performed for health benefit plans in Louisiana.
Samples of the forms of all contracts with health insurance issuers in use or to be used by the applicant. These forms should not include fees charged.
A general description of operation of the applicant, which includes a statement that the applicant does not engage in the practice of medicine or act to impinge or encumber the independent medical judgment of treating physicians or health care providers.
A completed Statement of Compliance for the forms and procedures submitted with this application.
A detailed description of the corporate organizational structure of the applicant, its parent company and all affiliates. This description should include a chart showing the ownership percentages for any persons owning 10% or more of all affiliated entities up to and including the ultimate controlling person.
Filing fees depend on your individual situation. We do our best to calculate your filing fees
upfront and collect those fees today so we can get started. Your specialist will determine your
exact filing fees and invoice additional fees if required.
