Louisiana Statutes

§ 22:1205 — Plan of operation

Louisiana·Title 22 Insurance

§1205. Plan of operation

A.The board shall submit to the commissioner a plan of operation for the plan and any amendments thereto necessary or suitable to assure the fair, reasonable, and equitable administration of the plan. The commissioner shall approve the plan of operation provided such is determined to be suitable to assure the fair, reasonable, and equitable administration of the plan.
B.The plan of operation shall become effective upon approval in writing by the commissioner. If the board fails to submit a suitable plan of operation within ninety days after its appointment or at any time thereafter fails to submit suitable amendments to the plan, the commissioner shall adopt and promulgate such reasonable rules and regulations, in accordance with the Administrative Procedure Act,

Free access — add to your briefcase to read the full text and ask questions with AI

Louisiana § 22:1205 (Plan of operation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 1990, No. 131, §1, eff. Sept. 1, 1990; Acts 1999, No. 163, §1; Redesignated from R.S. 22:235 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2010, No. 123, §1, eff. June 8, 2010; Acts 2013, No. 325, §1, eff. June 17, 2013; Acts 2020, No. 313, §§1, 2, eff. June 12, 2020.

Nearby Sections

15
View on official source ↗