Louisiana Statutes
§ 22:659 — Pecuniary interest of directors and officers
Louisiana·Title 22 Insurance
No director or officer of any insurer, party to a reinsurance agreement, except as fully expressed in the reinsurance agreement, shall receive any fee, commission, other compensation or valuable consideration whatever, directly or indirectly, for in any manner aiding, promoting or assisting in the negotiation of such reinsurance agreement.
NOTE: Former R.S. 22:659 redesignated as R.S. 22:1823 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
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Related
Brooks v. Plumbers & Steamfitters Local 106 Health & Welfare Fund
464 So. 2d 26 (Louisiana Court of Appeal, 1985)
Legislative History
Acts 1958, No. 125; Acts 1995, No. 1182, §2; Redesignated from R.S. 22:945 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
Nearby Sections
15
§ 22:601.1
Definitions§ 22:601.10
Real estate§ 22:601.13
Insurer investment pools§ 22:601.14
Derivative transactions§ 22:601.15
Collateral loans§ 22:601.16
Other admitted assets§ 22:601.17
Additional investment authority§ 22:601.18
Prohibited investments§ 22:601.19
Pledging of assets restricted§ 22:601.2
General investment qualifications