§ 33:5087 — Authority of commissioner of insurance

§5087. Authority of commissioner of insurance
A. Each risk management organization shall file with the commissioner of insurance
within six months of the end of the organization's fiscal year a certified audited financial
statement and a review of its operations and general condition by a certified independent
casualty actuary.
B. No risk management organization shall become operational until issued a
certificate of authority by the commissioner of insurance under such rules and regulations as
he may promulgate to assure compliance with the provisions of this Chapter. The
commissioner of insurance may examine the books, records, and affairs of any risk
management organization for the purpose of determining compliance with this Chapter and
may revoke the certificate of authority of any organization determined to not be in
compliance with this Chapter.

Legislative History

Acts 2022, No. 686, §1, eff. June 18, 2022.