Louisiana

Commission Alternatives - Fees and Requirements

Charge fee in addition to or in lieu of collecting commissions?
Specific Disclosures or written agreements required to charge fees to a client?
Admin fees for insurance placement?
Charges for services unrelated to the placement of insurance?
Additional licensing required?
Licensed agents and brokers may charge fees in addition to receiving commissions, but all such compensation must be provided for in the premium quoted to and paid by the insured.  La. Rev. Stat. Ann. § 22:1964. 
Licensed agents may receive reimbursement from the insured for expenses incurred by the agent directly related to the insurance coverage for the insured (under the terms of a written agreement) and reasonable agency fees so long as such fees are separately stated and collected through an invoice.  La. Rev. Stat. Ann. § 22:855. 
Yes, see fees in lieu of commissions
Yes, see fees in lieu of commissions
No

Stop-Loss Information

Citation
Employer Size
Specific Stop Loss Restrictions
Aggregate Stop Loss Restrictions
Guaranteed Issue of Stop-Loss Policies
Other notes
§ 22:459, 883
All employers
Prohibits specific deductible limits below $10,000
Prohibits aggregate coverage attachment points of less than $4,000 per person, or 110% of expected claims (120% for small employers)
 No

Allows waiver or reduce aggregate cap
limitation.

Mandates minimum stop-loss contract term
of 12/15 (covers claims incurred during
plan year and paid during the plan year
and 3 months after end of contract)

Malpractice Damage Cap

Damage Cap Amount

State Code
$500,000 total plus the cost of future medical expenses. Healthcare providers liable for only $100,000 with the rest paid by compensation fund.