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NAIFA-LA Secures Financial Professional Exemption in State Independent Contractor Law

By Julie Harrison on 6/22/21 8:56 AM

Louisiana Gov. John Bel Edwards recently signed a NAIFA-supported misclassification of workers bill into law. The bill, SB 244, outlines a 12-point definition for “independent contractor” developed by the Louisiana Association of Business and Industry which classifies an independent contractor as anyone who can meet seven of the 12 points. According to the new law, independent contractors could include workers who can’t set their hours, are not allowed to work for other businesses, and are directly managed or supervised by the contracting party.

Topics: State Advocacy Insurance & Financial Advisor Regulation Louisiana Producer Employment

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