§ 11-230. Prohibited policies; commissions authorized

Latest version.

(a) Prohibited policies. -- An insurer or officer, insurance producer, or representative of an insurer may not knowingly issue or deliver or knowingly allow the issuance or delivery of a policy or endorsement, certificate, or addition to the policy, except in accordance with the filings that are in effect for the insurer as provided in this subtitle.

(b) Commissions authorized. -- An insurer may pay or allow a commission to a licensed insurance producer of the insurer as compensation for procuring business.

HISTORY: An. Code 1957, art. 48A, § 242; 1997, ch. 35, § 2; 2001, ch. 731, § 1.

                    
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