Definitions Flashcards
Same definition as set forth in RS 22:46
Authorized insurer and/or insurer
Limited liability company, partnership, other legal entity
Business entity
Fee paid to an insurance producer
Commission
Any state or territory of the United States insurance producer maintains principal place of residence, business is licensed to act insurance producer
Home state
Any lines of authority as specified in RS 22:1547
Insurance
Person required to be licensed
Insurance producer
Document issued by commissioner of insurance
License
Credit life defined in RS 22:47 and RS 6:969.6 disability,property, unemployment, mortgage. commissioner determines limited line credit insurance
Limited line credit insurance
Insurance producer who sells, solicits or negotiates limited line credit insurance coverage
Limited line credit insurance producer
Any authority granted by the commissioner of insurance which restricts the authority of the licensee
Limited lines insurance
Insurance producer authorized by the commissioner to sell, solicit, negotiate limited lines insurance
Limited lines producer
NAIC
National association of insurance commissioner
Confer directly with or to offer advice directly to a purchaser
Negotiate
Natural or artificial legal entity
Person
Exchange a contract of insurance
Sell
Attempt to sell insurance
Solicit
Insurance producer who solicits with an insurance company not licensed to do business in this state
Surplus lines broker
Cancel the relationship
Terminate
Line of insurance RS 22:1782.I(3)
Travel insurance
NAIC uniform application for resident and nonresident producer licensing
Uniform application
NAIC uniform business entity application resident and nonresident business entities
Uniform Business Entity Application
Security given to assure defendant’s appearance court
Bail
Personal appearance before the court, charges are pending
Appearance
Detention of the defendant, the surety by the officer
Surrender
Detention of the defendant, another parish of the state of Louisiana or foreign jurisdiction
Constructive surrender
Issued for the defendant
Warrant for arrest
Proof of the defendant’s current incarnation to the court
The surety
Officer costs of returning the defendant where warrant was issued
Surety has paid
Owns property in the statement subject to seizure. Shall not charge a fee or receive any compensation for posting a bail undertaking.
Personal surety
