Louisiana Statutes
§ 22:573 — Limits of risks assumed
Louisiana·Title 22 Insurance
No property and casualty insurer doing business in this state shall expose itself to loss on any one risk in an amount which exceeds ten percent of the insurer's capital and surplus. A risk, or any portion thereof, which has been reinsured shall be deducted in determining the limitation of risk prescribed in this Section.
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Legislative History
Acts 1991, No. 960, §1; Acts 1992, No. 811, §1; Redesignated from R.S. 22:1470 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
Nearby Sections
15
§ 22:511
§ 22:511§ 22:512
Definitions