1. A. On a quarterly basis, the participant shall submit a report to the commissioner with respect to the product or service for which the innovation waiver has been granted containing the following information:

   1. 1. the total number of policies written for the product or service;
   2. 2. the total amount of premium collected;
   3. 3. the total number and dollar amount of claims made;
   4. 4. the total number and dollar amount of claims paid;
   5. 5. material changes in the business plan, underwriting or claims practices for the product or service; and
   6. 6. any other information the commissioner reasonably requires.
2. B. The commissioner may examine the affairs, transactions, accounts, records, and any other matters deemed necessary of the participant or its independent accountant, including workpapers and assets of the participant.

Authority Note

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

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