Louisiana § 22:2029 Report for assessment

Louisiana Statutes

§ 22:2029 — Report for assessment

Louisiana·Title 22 Insurance

Within three years from the date an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer was filed in the office of the clerk of the court by which such order was made, the commissioner of insurance may make a report to the court setting forth each of the following:

(1)The reasonable value of the assets of the insurer.

(2)The insurer's probable liabilities.

(3)The probable necessary assessments, if any, to pay all claims and expenses in full, including expenses of administration. NOTE: Former R.S. 22:2029 redesignated as R.S. 22:1162 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

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Within three years from the date an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer was filed in the office of the clerk of the court by which such order was made, the commissioner of insurance may make a report to the court setting forth each of the following:
(1) The reasonable value of the assets of the insurer.
(2) The insurer's probable liabilities.
(3) The probable necessary assessments, if any, to pay all claims and expenses in full, including expenses of administration.
NOTE: Former R.S. 22:2029 redesignated as R.S. 22:1162 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

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