Title 22, Insurance
0 chapters · 2,651 sections in this title.
La. Rev. Stat. § 22:691.37 Contents of ORSA summary report
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§691.37. Contents of ORSA summary report A. The ORSA summary report shall be prepared consistent with the ORSA Guidance Manual, subject to the requirements of Subsection B of this Section. Documentation and supporting information shall be maintained and made available upon examin…
La. Rev. Stat. § 22:691.38 Confidentiality
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§691.38. Confidentiality A. Documents, materials, or other information, including the ORSA summary report, in the possession or control of the commissioner that are obtained by, created by, or disclosed to the commissioner or any other person pursuant to this Subpart are propriet…
La. Rev. Stat. § 22:691.39 Sanctions
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§691.39. Sanctions Any insurer failing, without just cause, to timely file the ORSA summary report as required by this Subpart shall be required, after notice and an opportunity to be heard, to pay a penalty of one hundred dollars for each day's delay, to be recovered by the comm…
La. Rev. Stat. § 22:691.4 Acquisition of control of or merger with domestic insurer
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§691.4. Acquisition of control of or merger with domestic insurer A. Filing requirements. (1) No person other than the issuer shall make a tender offer for or a request or invitation for tenders of, or enter into any agreement to exchange securities for, seek to acquire, or acqui…
La. Rev. Stat. § 22:691.5 Acquisitions involving insurers not otherwise covered
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§691.5. Acquisitions involving insurers not otherwise covered A. Definitions. The following definitions shall apply for the purposes of this Section only: (1) "Acquisition" means any agreement, arrangement, or activity the consummation of which results in a person acquiring direc…
La. Rev. Stat. § 22:691.51 Purpose and scope
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§691.51. Purpose and scope A. The purpose of this Subpart is to: (1) Provide the commissioner a summary of an insurer or insurance group's corporate governance structure, policies, and practices to permit the commissioner to gain and maintain an understanding of the insurer's cor…
La. Rev. Stat. § 22:691.52 Definitions
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§691.52. Definitions For purposes of this Subpart: (1) "Corporate governance annual disclosure" or "CGAD" means a confidential report filed by the insurer or insurance group compiled in accordance with the requirements of this Subpart. (2) "Insurance group" means those insurers a…
La. Rev. Stat. § 22:691.53 Disclosure requirement
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§691.53. Disclosure requirement A. An insurer, or the insurance group of which the insurer is a member, shall, no later than June first of each calendar year, submit to the commissioner a corporate governance annual disclosure (CGAD) that contains the information specified in R.S…
La. Rev. Stat. § 22:691.54 Rules and regulations
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§691.54. Rules and regulations Pursuant to the Administrative Procedure Act and this Title, the commissioner may promulgate rules, regulations, and orders necessary to carry out the provisions of this Subpart. Acts 2015, No. 304, §1, eff. Jan. 1, 2016.
La. Rev. Stat. § 22:691.55 Contents of corporate governance annual disclosure
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§691.55. Contents of corporate governance annual disclosure A. The insurer or insurance group shall have discretion over the responses to the CGAD inquiries; however, the CGAD shall contain the material information necessary to permit the commissioner to gain an understanding of …
La. Rev. Stat. § 22:691.56 Confidentiality
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§691.56. Confidentiality A. Documents, materials, or other information, including the CGAD, in the possession of or control of the commissioner that are obtained by, created by, or disclosed to the commissioner or any other person pursuant to this Subpart are recognized by this s…
La. Rev. Stat. § 22:691.57 NAIC and third-party consultants
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§691.57. NAIC and third-party consultants A. The commissioner may retain, at the insurer's expense, third-party consultants, including attorneys, actuaries, accountants, and other experts not otherwise a part of the commissioner's staff, as may be reasonably necessary to assist t…
La. Rev. Stat. § 22:691.58 Sanctions
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§691.58. Sanctions Any insurer failing, without just cause, to timely file the CGAD as required by this Subpart shall be required, after notice and an opportunity to be heard, to pay a penalty of one hundred dollars for each day's delay, to be recovered by the commissioner and th…
La. Rev. Stat. § 22:691.6 Registration of insurers
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§691.6. Registration of insurers A. Registration. (1) Every insurer which is authorized to do business in this state and which is a member of an insurance holding company system shall register with the commissioner, except a foreign insurer subject to registration requirements an…
La. Rev. Stat. § 22:691.7 Standards and management of an insurer within an insurance holding company
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§691.7. Standards and management of an insurer within an insurance holding company system A. Transactions within an insurance holding company system. (1) Transactions within an insurance holding company system to which an insurer subject to registration is a party shall be subjec…
La. Rev. Stat. § 22:691.8 Examination
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§691.8. Examination A. Power of commissioner. Subject to the limitation contained in this Section and in addition to the powers which the commissioner has under this Code relating to the examination of insurers, the commissioner shall have the power to examine any insurer registe…
La. Rev. Stat. § 22:691.9 Supervisory colleges
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§691.9. Supervisory colleges A. Power of commissioner. With respect to any insurer registered under R.S. 22:691.6, and in accordance with Subsection C of this Section, the commissioner shall also have the power to participate in a supervisory college for any domestic insurer that…
La. Rev. Stat. § 22:691.9.1 Group-wide supervision of internationally active insurance groups
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§691.9.1. Group-wide supervision of internationally active insurance groups A. The commissioner may act as the group-wide supervisor for any internationally active insurance group pursuant to this Section. An insurance holding company system that does not otherwise qualify as an …
La. Rev. Stat. § 22:692 Repealed by Acts 2012, No
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§692. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:692.1 Redesignated as R.S
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§692.1. Redesignated as R.S. 22:1315 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:693 Repealed by Acts 2012, No
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§693. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:694 Repealed by Acts 2012, No
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§694. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:695 Repealed by Acts 2012, No
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§695. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:696 Repealed by Acts 2012, No
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§696. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:697 Repealed by Acts 2012, No
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§697. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:698 Repealed by Acts 2012, No
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§698. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:699 Repealed by Acts 2012, No
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§699. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:7 Redesignated from R.S
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§7. Redesignated from R.S. 22:13 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:70 Prior approval required before a domestic insurer may apply for admission to another state or country
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§70. Prior approval required before a domestic insurer may apply for admission to another state or country No domestic insurer may apply for admission to another state or country without first having obtained the approval of the commissioner of insurance of the state of Louisiana…
La. Rev. Stat. § 22:700 Repealed by Acts 2012, No
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§700. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:701 Repealed by Acts 2012, No
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§701. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:702 Repealed by Acts 2012, No
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§702. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:703 Repealed by Acts 2012, No
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§703. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:704 Repealed by Acts 2012, No
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§704. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:705 Repealed by Acts 2012, No
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§705. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:706 Repealed by Acts 2012, No
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§706. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:707 Repealed by Acts 2012, No
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§707. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:708 Repealed by Acts 2012, No
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§708. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:709 Repealed by Acts 2012, No
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§709. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:71 Conversion requirements
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§71. Conversion requirements No domestic life insurer may convert to a type of insurer having greater insuring power without meeting the full capital, surplus, and deposit requirements of the type insurer to which it desires to convert. Acts 1958, No. 125. Amended by Acts 1960, N…
La. Rev. Stat. § 22:71.1 Redesignated as R.S
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§71.1. Redesignated as R.S. 22:82 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:71.2 Redesignated as R.S
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§71.2. Redesignated as R.S. 22:83 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
La. Rev. Stat. § 22:710 Repealed by Acts 2012, No
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§710. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:711 Repealed by Acts 2012, No
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§711. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:712 Repealed by Acts 2012, No
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§712. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:713 Repealed by Acts 2012, No
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§713. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:714 Repealed by Acts 2012, No
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§714. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:715 Repealed by Acts 2012, No
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§715. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:716 Repealed by Acts 2012, No
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§716. Repealed by Acts 2012, No. 294, §2.
La. Rev. Stat. § 22:717 Repealed by Acts 2012, No
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§717. Repealed by Acts 2012, No. 294, §2.