Louisiana § 22:550.28 Rules for controlled unaffiliated businesses

Louisiana Statutes

§ 22:550.28 — Rules for controlled unaffiliated businesses

Louisiana § 22:550.28

Title 22Insurance

This text of Louisiana § 22:550.28 (Rules for controlled unaffiliated businesses) 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. § 22:550.28 (2026).

Text

§550.28. Rules for controlled unaffiliated businesses
The commissioner may adopt rules establishing standards to ensure that a parent or
its affiliated company is able to exercise control of the risk management function of any
controlled unaffiliated business to be insured by a pure captive insurance company, provided
that until such time as rules pursuant to this Section are adopted by the commissioner, the
commissioner may approve the coverage of such risks by a pure captive insurance company.

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§550.28. Rules for controlled unaffiliated businesses
The commissioner may adopt rules establishing standards to ensure that a parent or
its affiliated company is able to exercise control of the risk management function of any
controlled unaffiliated business to be insured by a pure captive insurance company, provided
that until such time as rules pursuant to this Section are adopted by the commissioner, the
commissioner may approve the coverage of such risks by a pure captive insurance company.