§ 22:550.3 — Applicability of other provisions

Louisiana § 22:550.3

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

§550.3. Applicability of other provisions
A. The terms and conditions set forth in R.S. 22:96 and Chapter 9 of this Title, R.S.
22:2001 et seq., pertaining to rehabilitation, liquidation, conservation, dissolution, and
administrative supervision, apply to captive insurance companies licensed pursuant to this
Subpart.
B. The provisions of R.S. 22:72 regarding stock and mutual conversions apply to
captive insurance companies licensed pursuant to this Subpart.
C. The provisions of acquisition of control or merger with a domestic insurer
provided for in the Insurance Holding Company System Regulatory Law, R.S. 22:691.1 et
seq., apply to captive insurance companies licensed pursuant to this Subpart.

Legislative History

Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3; Acts 2012, No. 633, §1; Acts 2025, No. 313, §2.