Title 22, Insurance

0 chapters · 2,651 sections in this title.

2,651 sectionsFiltered byTitle 22

La. Rev. Stat. § 22:3302 Redesignated as R.S
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§3302. Redesignated as R.S. 22:2362 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:3303 Redesignated as R.S
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§3303. Redesignated as R.S. 22:2363 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:3304 Redesignated as R.S
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§3304. Redesignated as R.S. 22:2364 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:3305 Redesignated as R.S
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§3305. Redesignated as R.S. 22:2365 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:3306 Redesignated as R.S
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§3306. Redesignated as R.S. 22:2366 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:3307 Redesignated as R.S
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§3307. Redesignated as R.S. 22:2367 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:3308 Redesignated as R.S
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§3308. Redesignated as R.S. 22:2368 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:3309 Redesignated as R.S
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§3309. Redesignated as R.S. 22:2369 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
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. § 22:3310 Redesignated as R.S
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§3310. Redesignated as R.S. 22:2370 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:3311 Redesignated as R.S
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§3311. Redesignated as R.S. 22:2371 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
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…
La. Rev. Stat. § 22:340.1 Procedure following election or appointment of new officers or directors
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§340.1. Procedure following election or appointment of new officers or directors A. Every foreign or alien insurer authorized to transact business in this state shall provide to the commissioner of insurance biographical information for all elected or appointed directors no more …
La. Rev. Stat. § 22:341 Withdrawal from state; deposit
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§341. Withdrawal from state; deposit A. Any foreign or alien insurer admitted to do business in this state may withdraw from this state by filing with the commissioner of insurance a statement of withdrawal, signed and verified by a president, vice-president or an executive offic…
La. Rev. Stat. § 22:342 Definitions
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§342. Definitions For the purposes of this Subpart, the terms as used herein shall have the following meanings: (1) "Active volunteer fire department" means a voluntary organized fire company which possesses, in serviceable condition for fire duty, apparatus and equipment having …
La. Rev. Stat. § 22:343 Annual report of premiums received; verified statements by municipality, district, or volunteer fire department
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§343. Annual report of premiums received; verified statements by municipality, district, or volunteer fire department Every foreign or alien insurer, other than life, desiring to engage in or carry on business in this state shall return to the state treasurer a just and true acco…
La. Rev. Stat. § 22:344 Accounts to be kept
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§344. Accounts to be kept Every such company shall keep accurate accounts of all fire insurance business done by them. Each such insurer shall submit to the state treasurer a verified return for insurance premiums received by such insurer for insurance of property of whatever nat…
La. Rev. Stat. § 22:345 Tax on premiums
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§345. Tax on premiums A foreign and alien insurer, other than a life insurer, shall, within sixty days after December thirty-first of each year, pay to the commissioner of insurance a sum equal to two percent of the amount of premiums received from any business which insures prop…
La. Rev. Stat. § 22:346 Investigation and collection by commissioner of insurance
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§346. Investigation and collection by commissioner of insurance If a company fails to keep the accurate accounts required in R.S. 22:344 or if the returns required in R.S. 22:343 are apparently fraudulent or dishonest, the commissioner of insurance shall investigate the returns a…
La. Rev. Stat. § 22:347 Disposition of tax money
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§347. Disposition of tax money A. Monies collected under R.S. 22:342 through 349, after being first credited to the Bond Security and Redemption Fund in accordance with Article VII, Section 9(B) of the Constitution of Louisiana, shall be credited to a special fund hereby establis…
La. Rev. Stat. § 22:348 Penalties
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§348. Penalties Any foreign or alien insurer, other than life, which violates any provision of R.S. 342 through 349 shall, for each offense, be fined five hundred dollars. Acts 1958, No. 125. Amended by Acts 1958, No. 419, §1; Redesignated from R.S. 22:1586 by Acts 2008, No. 415,…
La. Rev. Stat. § 22:349 Fire insurance associations not incorporated under laws of Louisiana
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§349. Fire insurance associations not incorporated under laws of Louisiana No fire insurance association not incorporated under the laws of this state shall carry on any fire insurance business in this state, save and except upon compliance with the conditions imposed in R.S. 22:…
La. Rev. Stat. § 22:35 Discrimination; failure to provide coverage; penalties; right of action
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§35. Discrimination; failure to provide coverage; penalties; right of action A. No insurer shall refuse to issue or fail to renew any policy or contract of property and casualty insurance to a person or business, solely because of the race of the applicant or the economic conditi…
La. Rev. Stat. § 22:350 Redesignated as R.S
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§350. Redesignated as R.S. 22:210 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:351 Redesignated as R.S
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§351. Redesignated as R.S. 22:211 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:352 Redesignated as R.S
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§352. Redesignated as R.S. 22:212 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:353 Redesignated as R.S
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§353. Redesignated as R.S. 22:213 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:354 Redesignated as R.S
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§354. Redesignated as R.S. 22:214 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:355 Redesignated as R.S
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§355. Redesignated as R.S. 22:215 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:356 Redesignated as R.S
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§356. Redesignated as R.S. 22:216 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:36 Discrimination prohibited; health insurance coverage; fire employees; applicability
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§36. Discrimination prohibited; health insurance coverage; fire employees; applicability A. A health insurance issuer shall not refuse to accept for enrollment any fire employee formerly employed by a municipality, parish, or fire protection district with which the health insuran…
La. Rev. Stat. § 22:361 Definitions
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§361. Definitions As used in this Subpart: (1) "Commissioner" means the commissioner of insurance of the state of Louisiana. (2) "Credit disability insurance" means insurance on a debtor to provide indemnity for payment becoming due on a specified loan or other credit transaction…
La. Rev. Stat. § 22:362 License required of vehicle mechanical breakdown insurer
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§362. License required of vehicle mechanical breakdown insurer A. No person shall act as or attempt to act as a vehicle mechanical breakdown insurer unless licensed to do so by the commissioner. Each application shall be submitted to the commissioner along with the fee for said l…
La. Rev. Stat. § 22:363 Exceptions
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§363. Exceptions Nothing in this Subpart shall have any effect upon the giving of the customary manufacturer's warranty, or guarantee; nor shall this Subpart apply to or affect the giving or selling of performance warranties or guarantees by sellers of motor vehicles. Nothing in …
La. Rev. Stat. § 22:364 Qualifications
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§364. Qualifications A. The commissioner shall not license a vehicle mechanical breakdown insurer unless all of the following conditions are met: (1) Applicant shall be solvent. (2) Applicant shall furnish such proof as necessary to the commissioner that the directors and managem…
La. Rev. Stat. § 22:365 Deposit or surety; required
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§365. Deposit or surety; required A. To assure faithful performance of its obligations to policyholders, every vehicle mechanical breakdown insurer shall, prior to the issuance of a license, deposit with or for the benefit of the insurance commissioner securities which at all tim…
La. Rev. Stat. § 22:366 Annual reports
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§366. Annual reports By June first of each year, every vehicle mechanical breakdown insurer shall file with the commissioner an audited financial statement, audited consolidated financial statements with the consolidating schedule, or such other financial statements deemed accept…
La. Rev. Stat. § 22:367 Reserves
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§367. Reserves Each vehicle mechanical breakdown insurer shall maintain loss reserves in such amounts as the commissioner deems sufficient. Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Redesignated from R.S. 22:1806 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:368 Contracts not in compliance
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§368. Contracts not in compliance Any vehicle mechanical breakdown insurance policy issued in violation of any provisions of this Subpart shall be an enforceable and valid contract unless otherwise invalid. Added by Acts 1978, No. 520, §1, eff. July 12, 1978; Redesignated from R.…
La. Rev. Stat. § 22:368.1 Filing of contracts
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§368.1. Filing of contracts No vehicle mechanical breakdown insurance policy or application form, where written application is required and is to be attached to the policy, or any rider or endorsement of such a contract shall be issued, delivered, or used unless it has been filed…
La. Rev. Stat. § 22:369 Revocation or suspension of license
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§369. Revocation or suspension of license A. In accordance and compliance with R.S. 49:977.3, the commissioner may levy a fine not to exceed one thousand dollars per violation or revoke or suspend any license required by this Subpart should the commissioner find any of the follow…