Louisiana § 22:550.24 Rates

Louisiana Statutes

§ 22:550.24 — Rates

Louisiana § 22:550.24

Title 22Insurance

This text of Louisiana § 22:550.24 (Rates) 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. § 22:550.24 (2026).

Text

§550.24. Rates

A.Each captive insurance company shall file rates for property and casualty lines of insurance in accordance with Subpart O of Part IV of Chapter 4 of this Title, R.S. 22:1451 et seq., on an actuarially justified basis with the department and may use the rates forty-five days after filing, unless the department disapproves the use of rates within the forty-five-day period. For all other lines of insurance, captive insurance companies shall file rates on an actuarially justified basis with the department and may use the rates within the forty-five-day period.

B.A captive insurance company shall not be required to join a rating organization.

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

§550.24. Rates
A. Each captive insurance company shall file rates for property and casualty lines of
insurance in accordance with Subpart O of Part IV of Chapter 4 of this Title, R.S. 22:1451
et seq., on an actuarially justified basis with the department and may use the rates forty-five
days after filing, unless the department disapproves the use of rates within the forty-five-day
period. For all other lines of insurance, captive insurance companies shall file rates on an
actuarially justified basis with the department and may use the rates within the forty-five-day
period.
B. A captive insurance company shall not be required to join a rating organization.