LAC 37:XIII.20517 – Duration and Requests for Extension

A. If approved by the commissioner, an innovation waiver shall be granted for an initial period of up to three years.
B. Prior to the end of the initial waiver period, the commissioner may grant or deny a one-time extension for up to an additional three years.
C. Extension requests shall be made in writing to the commissioner at least thirty days prior to the end of the initial waiver period and shall include the length of the extension period requested and specific reasons why the extension is necessary.
D. The commissioner shall grant or deny an extension request before the end of the initial waiver period.
E. Upon expiration of an innovation waiver, the person who obtained the waiver shall cease all activities that were only permitted as a result of the waiver and comply with all generally applicable laws and regulations.

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:1430.1 et seq., and the Administrative Procedure Act, R.S. 49:950 et seq.

HISTORICAL NOTE: Promulgated by the Department of Insurance, Office of the Commissioner, LR 51:967 (July 2025).