Procedure Following Election of New Officers and Directors
Third Party Administrators
Viatical Settlement Brokers
Viatical Settlement Investment Agents
Viatical Settlement Providers
Vehicle Mechanical Breakdown Insurers
Property Residual Value Insurers
Utilization Review Organization
IF THE ENTITY IS DOMICILED IN LOUISIANA, different requirements apply. Click here to see those requirements.
Any foreign or alien entity with one or more of the above noted licenses is required to file biographical affidavits and certain additional information for all newly elected officers and directors. The required information must be submitted no later than thirty days of the election or appointment for viatical settlement brokers, viatical settlement investment agents and viatical settlement provider and within sixty days of the election or appointment for all other license types.
A licensee should use the New Officer/Director module of the Industry Access System to securely submit the required information and affidavit.
“Officer” is defined in La. R.S. 22:46 as president, vice president, treasurer, actuary, secretary, controller and any other person who performs the functions corresponding to those performed by the foregoing officers.
Below are the applicable statutory citations for each license type: