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The Louisiana Department of Insurance has revised and re-issued Advisory Letter No. 2015-01, originally issued on June 3, 2015, in order to clarify prior guidance regarding services offered to insureds and services offered to the general public.
The letter describes a number of practices that constitute “value added” services, and distinguishes between “value added” services that violate the rebating provision of the Unfair Trade Practices Act, and “value added” services that do not.
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