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0 chapters · 1,747 sections in this title.
La. Rev. Stat. § 22:285 Purposes and powers
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§285. Purposes and powers A. A society shall operate for the benefit of members and their beneficiaries by: (1) Providing benefits as specified in R.S. 22:296. (2) Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or…
La. Rev. Stat. § 22:286 Qualifications for membership
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§286. Qualifications for membership A. A society shall specify in its laws or rules: (1) Eligibility standards for each class of membership, provided that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fif…
La. Rev. Stat. § 22:287 Location of office, meetings, communications to members, grievance procedures
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§287. Location of office, meetings, communications to members, grievance procedures A. The principal office of any domestic society shall be located in this state. The meetings of its supreme governing body may be held in any state, district, province, or territory wherein such s…
La. Rev. Stat. § 22:288 No personal liability
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§288. No personal liability A. The officers and members of the supreme governing body or any subordinate body of a society shall not be personally liable for any benefits provided by a society. B.(1) Any person who, by reason of the fact that he is or was a director, officer, emp…
La. Rev. Stat. § 22:289 Waiver
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§289. Waiver The laws of the society may provide that no subordinate body, nor any of its subordinate officers or members, shall have the power or authority to waive any of the provisions of the laws of the society. Such provision shall be binding on the society and every member …
La. Rev. Stat. § 22:290 Organization
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§290. Organization A domestic society organized pursuant to this Subpart shall be formed as follows: (1) Seven or more citizens of the United States, a majority of whom are citizens of this state, who desire to form a fraternal benefit society, may execute by authentic act or by …
La. Rev. Stat. § 22:291 Amendments to laws
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§291. Amendments to laws A. A domestic society may amend its laws in accordance with the provisions thereof by action of its supreme governing body at any regular or special meeting thereof or, if its laws so provide, by referendum. Such referendum may be held in accordance with …
La. Rev. Stat. § 22:292 Institutions
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§292. Institutions A society may create, maintain and operate, or may establish organizations to operate, not for profit institutions to further the purposes permitted by R.S. 22:285(A)(2). Such institutions may furnish services free or at a reasonable charge. Any real or persona…
La. Rev. Stat. § 22:293 Reinsurance
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§293. Reinsurance A. A domestic society may, by a reinsurance agreement, cede any individual risk or risks in whole or in part to an insurer, other than another fraternal benefit society, having the power to make such reinsurance and authorized to do business in this state, or if…
La. Rev. Stat. § 22:294 Consolidations and mergers
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§294. Consolidations and mergers A. A domestic society may consolidate or merge with any other society by complying with the provisions of this Section. It shall file with the commissioner of insurance the following documents: (1) A certified copy of the written contract containi…
La. Rev. Stat. § 22:295 Conversion of fraternal benefit society into mutual life insurance company
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§295. Conversion of fraternal benefit society into mutual life insurance company Any domestic fraternal benefit society may be converted and licensed as a mutual life insurance company by compliance with all the requirements of the Louisiana Insurance Code for mutual life insuran…
La. Rev. Stat. § 22:296 Benefits
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§296. Benefits A. A society may provide the following contractual benefits in any form: (1) Death benefits. (2) Endowment benefits. (3) Annuity benefits. (4) Temporary or permanent disability benefits. (5) Hospital, medical or nursing benefits. (6) Monument or tombstone benefits …
La. Rev. Stat. § 22:297 Beneficiaries
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§297. Beneficiaries A. The owner of a benefit contract shall have the right at all times to change the beneficiary or beneficiaries in accordance with the laws or rules of the society unless the owner waives this right by specifically requesting in writing that the beneficiary de…
La. Rev. Stat. § 22:298 Benefits not attachable
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§298. Benefits not attachable No money or other benefit, charity, relief, or aid to be paid, provided or rendered by any society, shall be liable to attachment, garnishment, or other process, or to be seized, taken, appropriated, or applied by any legal or equitable process or op…
La. Rev. Stat. § 22:299 The benefit contract
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§299. The benefit contract A. Every society authorized to do business in this state shall issue to each owner of a benefit contract a certificate specifying the amount of benefits provided thereby. The certificate, together with any riders or endorsements attached thereto, the la…
La. Rev. Stat. § 22:3 Composition of Department of Insurance
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§3. Composition of Department of Insurance The Department of Insurance shall be comprised of the office of the commissioner; the office of management and finance; the office of property and casualty; the office of licensing; the office of financial solvency; the office of consume…
La. Rev. Stat. § 22:300 Nonforfeiture benefits, cash surrender values, certificate loans, and other options
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§300. Nonforfeiture benefits, cash surrender values, certificate loans, and other options A. For certificates issued prior to one year after the effective date of this Subpart, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or o…
La. Rev. Stat. § 22:301 Investments
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§301. Investments A society shall invest its funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this s…
La. Rev. Stat. § 22:302 Funds
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§302. Funds A. All assets shall be held, invested, and disbursed for the use and benefit of the society, and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of any part thereof, except as provided i…
La. Rev. Stat. § 22:303 Exemptions
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§303. Exemptions Except as herein provided, societies shall be governed by this Subpart and shall be exempt from all other provisions of the insurance laws of this state unless they be expressly designated therein, or unless it is specifically made applicable by this Subpart. Act…
La. Rev. Stat. § 22:304 Taxation
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§304. Taxation Every society organized or licensed under this Subpart is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all state, parish, district, municipal, or school tax, other than taxes on real estate and office equi…
La. Rev. Stat. § 22:305 Valuation
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§305. Valuation A. Standards of valuation for certificates issued prior to one year after the effective date of this Subpart shall be those provided by the laws applicable immediately prior to the effective date of this Subpart. B. The minimum standards of valuation for certifica…
La. Rev. Stat. § 22:306 Reports
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§306. Reports Reports shall be filed in accordance with the provisions of this Section as follows: (1) Every society transacting business in this state shall annually, on or before March first, unless for cause shown such time has been extended by the commissioner of insurance, f…
La. Rev. Stat. § 22:307 Annual license
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§307. Annual license Societies which are now authorized to transact business in this state may continue such business until April first next following the effective date of this Subpart. The authority of such societies and all societies hereafter licensed, may thereafter be renew…
La. Rev. Stat. § 22:308 Examination of societies; no adverse publications
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§308. Examination of societies; no adverse publications A. The commissioner of insurance, or any person he may appoint, may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in this state in the same manner as authorized fo…
La. Rev. Stat. § 22:309 Foreign or alien society; admission
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§309. Foreign or alien society; admission A. No foreign or alien society shall transact business in this state without a license issued by the commissioner of insurance. Any such society desiring admission to this state shall comply substantially with the requirements and limitat…
La. Rev. Stat. § 22:31 Division of diversity and opportunity
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§31. Division of diversity and opportunity A. There is hereby created within the Department of Insurance a division of diversity and opportunity which shall have the following functions and duties: (1) Repealed by Acts 2019, No. 434, §4, eff. June 30, 2019. (2) To maintain a list…
La. Rev. Stat. § 22:310 Injunction; liquidation; receivership of domestic society
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§310. Injunction; liquidation; receivership of domestic society A.(1) The commissioner of insurance shall notify a domestic society in writing of a deficiency and of the need to correct the deficiency when the society has done one of the following: (a) Exceeded its powers. (b) Fa…
La. Rev. Stat. § 22:311 Suspension, revocation or refusal of license of foreign or alien society
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§311. Suspension, revocation or refusal of license of foreign or alien society A.(1) The commissioner of insurance shall notify in writing a foreign or alien society transacting or applying to transact business in this state of a deficiency and of the need to correct the deficien…
La. Rev. Stat. § 22:312 Injunction
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§312. Injunction No application or petition for injunction against any domestic, foreign, or alien society, or lodge thereof, shall be recognized in any court of this state unless made by the commissioner of insurance. Acts 1958, No. 125. Acts 1987, No. 470, §1, eff. Jan. 1, 1988…
La. Rev. Stat. § 22:313 Unfair methods of competition; unfair and deceptive acts and practices
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§313. Unfair methods of competition; unfair and deceptive acts and practices Every society authorized to do business in this state shall be subject to the provisions of Part IV of Chapter 7 of this Title, R.S. 22:1961 et seq., relating to unfair methods of competition and unfair …
La. Rev. Stat. § 22:314 Service of process
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§314. Service of process A. Every society authorized to do business in this state shall appoint in writing the secretary of state to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served, and shall agree in writing tha…
La. Rev. Stat. § 22:315 Review
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§315. Review All decisions and findings of the commissioner of insurance made under the provisions of this Subpart shall be subject to review in any court of competent jurisdiction of this state. Acts 1987, No. 470, §1, eff. Jan. 1, 1988; Redesignated from R.S. 22:576 by Acts 200…
La. Rev. Stat. § 22:316 Penalties
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§316. Penalties A. Any person who willfully makes a false or fraudulent statement in or relating to an application for membership in, or for the purpose of obtaining money or a benefit from, any society, shall be guilty of a misdemeanor, and upon conviction shall be fined not les…
La. Rev. Stat. § 22:317 Exemption of certain societies
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§317. Exemption of certain societies A. Nothing contained in this Subpart shall be construed as to affect or apply to: (1) Grand or subordinate lodges of societies, orders or associations now doing business in this state which provide benefits exclusively through local or subordi…
La. Rev. Stat. § 22:317.1 Regulation of producers
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§317.1. Regulation of producers Any person selling, soliciting, or negotiating insurance products for a fraternal benefit society shall be subject to the provisions of Part I of Chapter 5 of this Title. Acts 2020, No. 134, §1, eff. July 1, 2020.
La. Rev. Stat. § 22:318 Health care sharing ministry; definitions
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§318. Health care sharing ministry; definitions As used in this Subpart, "health care sharing ministry" means a faith-based, nonprofit, tax-exempt organization that does each of the following: (1) Limits its participants to those who are of a similar faith and acts as a facilitat…
La. Rev. Stat. § 22:319 Exemption from provisions of the Insurance Code
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§319. Exemption from provisions of the Insurance Code Health care sharing ministries shall be exempt from all provisions of the insurance laws of this state unless the ministries are expressly provided for in such provisions or unless the provision is specifically made applicable…
La. Rev. Stat. § 22:33 Sanctions
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§33. Sanctions A. Whenever the commissioner receives notification of an apparent violation from the division of diversity and opportunity and determines that an insurer has engaged in a pattern or practice of employment discrimination prohibited by Part IV of Chapter 3-A of Title…
La. Rev. Stat. § 22:331 Foreign or alien insurers may be admitted
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§331. Foreign or alien insurers may be admitted A. Any foreign or alien insurer, including reciprocals, Lloyds, and fraternals, may be admitted to transact business in this state, upon complying with the provisions of this Subpart, and all other applicable provisions of this Code…
La. Rev. Stat. § 22:332 Application for certificate of authority
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§332. Application for certificate of authority A. A foreign or alien insurer in order to procure a certificate of authority to transact business in this state shall prepare and deliver to the commissioner of insurance: (1) Two copies of its charter or articles of incorporation, c…
La. Rev. Stat. § 22:333 Conditions of issuance of certificate of authority
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§333. Conditions of issuance of certificate of authority A. After the requirements of R.S. 22:332 have been completed and before a certificate of authority is issued by the commissioner of insurance, a foreign or alien insurer shall satisfy the commissioner of insurance that: (1)…
La. Rev. Stat. § 22:334 Trust deposit resolution
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§334. Trust deposit resolution An alien insurer shall file with the commissioner of insurance a certified copy of the resolution of its governing board by which the trust deposit was established, together with a certified copy of any trust agreement under which the deposit is hel…
La. Rev. Stat. § 22:335 Service of process; secretary of state as attorney
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§335. Service of process; secretary of state as attorney Every foreign or alien insurer shall appoint the secretary of state to be its true and lawful attorney in this state upon whom, or some other person in his office during his absence he may designate, all lawful process in a…
La. Rev. Stat. § 22:336 Issuance of certificate of authority
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§336. Issuance of certificate of authority When a foreign or alien insurer has complied with all of the requirements imposed upon it by this Code, the commissioner of insurance shall issue such insurer a certificate of authority to transact in this state the kind or kinds of busi…
La. Rev. Stat. § 22:337 Refusal, suspension, and revocation of certificate of authority
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§337. Refusal, suspension, and revocation of certificate of authority A. The commissioner of insurance may refuse, suspend, or revoke the certificate of authority of a foreign or alien insurer, or he may levy a fine not to exceed five thousand dollars for each violation or twenty…
La. Rev. Stat. § 22:338 Amendment to certificate of authority
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§338. Amendment to certificate of authority A. In the event that a foreign or alien insurer authorized to transact business in this state changes its name or desires to transact in this state a kind or kinds of business other than those it is then authorized to transact, it shall…
La. Rev. Stat. § 22:339 Filing amendment to articles of incorporation
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§339. Filing amendment to articles of incorporation Whenever the articles of incorporation of a foreign or alien insurer authorized to transact business in this state shall be amended, such insurer shall, within thirty days after the effective date of such amendment, file with co…
La. Rev. Stat. § 22:34 Discrimination prohibited
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§34. Discrimination prohibited No insurer shall make or permit any unfair discrimination in favor of particular individuals or persons, or between insureds or subjects of insurance having substantially like insuring risk, and exposure factors, or expense elements, in the terms or…
La. Rev. Stat. § 22:340 Procedure following merger or consolidation
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§340. Procedure following merger or consolidation A. Whenever a foreign or alien insurer authorized to transact business in this state shall be the surviving insurer of a statutory merger permitted by the laws of the state or country under which it is organized, and the merger is…
