La. Admin. Code tit. 37, § IX-101 - Definitions
Applicant- any person, firm, corporation, or other legal entity seeking the issuance of a warehouse license, cotton merchant, or grain dealer license from the commission or a renewal thereof.
Claim- a written notice and/or proof of loss which is filed with the Agricultural Commodity Commission Self-Insurance Program.
Claimant- any person or entity who, in writing, alleges a loss covered under the Agricultural Commodity Commission Self-Insurance Program.
Fee- with respect to the self-insurance fund, means the charge imposed by the Louisiana Agricultural Commodities Commission for participation in the self-insurance program, as contemplated in R.S. 3:3410.1.C.
Insurance- with respect to the self-insurance fund, means the amount of annual coverage the self-insurance program will provide to each warehouse and grain dealer licensee participating in the program.
Licensee- any person holding or required to hold a license as warehouse or grain dealer issued by the commission.
Loss- a licensee's failure to perform one or more legal obligations directly related to licensee's business, which failure results in damages to one or more producers, one or more holders of warehouse receipts, or the Commodities Credit Corporation.
Self-Insurance Fund- that special fund created in the state treasury for the Agricultural Commodity Commission's fees or assessments collected by the commission for participation in the self-insurance fund.
Notes
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