§ 22:332 — Application for certificate of authority

Louisiana § 22:332

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

§332. Application for certificate of authority
A. A foreign or alien insurer in order to procure a certificate of authority to transact
business in this state shall prepare and deliver to the commissioner of insurance:
(1) Two copies of its charter or articles of incorporation, certified by the proper
official of its domiciliary state or country, or if a reciprocal or Lloyds the power of attorney
of the attorney-in-fact; and if an alien insurer two copies of the appointment and authority
of its United States manager.
(2) An instrument authorizing service of process on the secretary of state, as required
by R.S. 22:335.
(3) An application setting forth its name, location of home office, type of insurer,
organization date, kinds of insurance it proposes to transact in this state, except for reinsurers
licensed or accredited by the state, the location and telephone number of the applicant's
supervisory claims office responsible for Louisiana claims, the name of a qualified appointed
actuary who will provide actuarial opinions when required by the state of Louisiana, and such
additional information, including biographical information, as the commissioner of insurance
may reasonably require to determine if the applicant is entitled to a certificate.
(4) A copy of its bylaws, and, if a fraternal society, a copy of its constitution,
certified by its proper officers.
(5) Repealed by Acts 2010, No. 105, §1.
(6) A copy of its last annual statement and a financial statement as of such later date
as the commissioner of insurance may require.
(7) A copy of the last report of examination certified by a proper supervisory official.
(8) A certificate from the proper official of its domiciliary state or country that it is
duly incorporated or organized and is presently authorized to write the kind or kinds of
insurance which it proposes to write in this state.
(9) Such other documents or stipulations as the commissioner of insurance may
reasonably require to evidence compliance with the provisions of this Code.
(10) A certificate of valuation of reserves by the domiciliary state which meets the
minimum standards of valuation for the state of Louisiana.
(11), (12) Repealed by Acts 2001, No. 276, §2.
(13) Repealed by Acts 2021, No. 159, §2, eff. July 1, 2021.
B. Upon approval by the commissioner of insurance, a certified copy of the
instrument authorizing service of process on the secretary of state, as required by R.S. 22:335
shall be recorded with the secretary of state by the said commissioner.
C. The secretary of state is authorized and directed to transfer to the commissioner
of insurance those documents now on record in the office of the secretary of state and
described in Paragraph (A)(1) of this Section pertaining to foreign or alien insurers now or
hereafter authorized to transact the business of insurance in this state, after having first
reproduced said documents for preservation in the records of the secretary of state.
NOTE: Former R.S. 22:332 redesignated as R.S. 22:192 by Acts 2008, No.
415, §1, eff. Jan. 1, 2009.

Legislative History

Acts 1958, No. 125. Amended by Acts 1960, No. 391, §1; Acts 1992, No. 704, §1; Acts 1993, No. 59, §1; Acts 1993, No. 811, §1; Acts 1993, No. 951, §1; Acts 1995, No. 1229, §1; Acts 1996, 1st Ex. Sess., No. 71, §1, eff. May 10, 1996; Acts 1999, No. 342, §6; Acts 2001, No. 276, §§1 and 2; Acts 2003, No. 130, §1; Acts 2004, No. 377, §1; Redesignated from R.S. 22:982 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1; Acts 2010, No. 105, §1; Acts 2016, No. 140, §1, eff. May 19, 2016; Acts 2021, No. 159, §2, eff. July 1, 2021.