LAC 37:XIII.12111. Qualifications for Binding Authority

A. In order to bind coverage for the FAIR Plan and the Coastal Plan through Citizens, each duly licensed insurance producer must meet the following requirements: 1. maintain errors and omission insurance in the minimum amount of $1 million per occurrence and $1 million annual aggregate; 2. complete any previously approved and required Citizens education seminar, as well as review and follow all training documents, rules, and guidelines provided on Citizens’ website; 3. demonstrate experience writing property and casualty insurance in Louisiana and maintain an in-force book of residential and/or commercial property insurance business in the lines of insurance offered by Citizens; 4. have a valid insurance producer license issued by the department; 5. submit to Citizens a completed application warranting compliance with applicable requirements established by Citizens; 6. submit to Citizens a properly executed producer subscriber agreement; and 7. demonstrate compliance with all terms and conditions set forth in the producer subscriber agreement.