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Louisiana clarifies insurers employing felons
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Regulatory Updates
Monday, August 13, 2018
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New legislation in Louisiana took effect Aug. 1 granting the state insurance commissioner the authority to allow an insurance producer to employ in his business or to associate with his business an individual previously convicted of a felony if the producer first obtains the written consent of or a waiver from the commissioner.
The Louisiana Department of Insurance issued an advisory letter to all insurance producers to detail terms of the statute and implementation.
Read on for details of the letter and how producers need to come into compliance with the new state law.
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