Louisiana § 10:9-329.1 Priority of security interest in a life insurance policy

Louisiana Statutes

§ 10:9-329.1 — Priority of security interest in a life insurance policy

Louisiana § 10:9-329.1

Title 10Commercial Laws

This text of Louisiana § 10:9-329.1 (Priority of security interest in a life insurance policy) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 10:9-329.1 (2026).

Text

The following rules govern priority among conflicting security interests in the same life insurance policy:

(1)A security interest held by an insurer has priority over a conflicting security interest held by another secured party.

(2)A secured party that has control over the life insurance policy has priority over a conflicting security interest held by a secured party without control.

(3)Except as otherwise provided in Paragraph (1), security interests perfected by control under R.S. 10:9-314 rank according to priority in time of obtaining control.

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The following rules govern priority among conflicting security interests in the same life insurance policy:
(1) A security interest held by an insurer has priority over a conflicting security interest held by another secured party.
(2) A secured party that has control over the life insurance policy has priority over a conflicting security interest held by a secured party without control.
(3) Except as otherwise provided in Paragraph (1), security interests perfected by control under R.S. 10:9-314 rank according to priority in time of obtaining control.