Louisiana Public Adjuster Bond
Surety Bond
Surety Bond
Louisiana Home Service Contract Provider A new law regulating the home service contract industry became effective January 1, 2010 . The new law requires registration of any home service contract provider operating in that state. To qualify as a home service contract provider, an entity must file its organizational documents (Articles of Incorporation, ByLaws) and demonstrate compliance with one of three financial responsibility requirements: insurance backing the service contract program; file a surety bond with the state?s Department of Insurance and maintain a reserve fund to pay future claims, or show evidence of having a net worth of at least $25 million. The law also establishes required disclosures in any service contract sold in the state and samples of such contracts are requested as part of the provider registration application filing.
75 Port City Landing #130
Mt. Pleasant SC 29464