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Current as of January 01, 2023 | Updated by FindLaw Staff
The title insurance producer shall not:
(1) Bind reinsurance on behalf of the title insurer.
(2) Permit any of its directors, officers, controlling shareholders, or employees to serve on the title insurer's board of directors if the title insurance producer wrote one percent or more of the direct premiums of the title insurer written in the previous calendar year as shown on the title insurer's most recent annual statement filed with the department. This Paragraph shall not apply to relationships governed by R.S. 22:691.1 et seq.
(3) Jointly employ an individual who is employed with the title insurer unless the title insurer and the title insurance producer are affiliated or otherwise under common control as defined by R.S. 22:691.2.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 22, § 524. Title insurance producer; restrictions - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-22-sect-524/
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