§ 20-513. Actions against producers -- In general

Latest version.

   The Fund may refuse to accept further applications from a fund producer or may terminate the authority of the fund producer to bind coverage or both if:

   (1) the Fund finds that the fund producer has engaged in the practice of binding coverage in the Fund in violation of regulations adopted by the Board of Trustees; or

   (2) after demand has been made by the Fund, the fund producer fails to pay money owed the Fund as a result of:

      (i) the binding or change of coverage; or

      (ii) a commission paid to the fund producer on a policy that is canceled after the effective date of coverage.

HISTORY: An. Code 1957, art. 48A, § 243B; 1996, ch. 11; 2001, ch. 731, § 1.

                    
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