2006 Louisiana Laws - RS 22:1025 — Additional deposit; surety insurer

§1025.  Additional deposit; surety insurer

All domestic, foreign, or alien insurers engaged in doing a guaranty, fidelity, surety, or bond business in this state shall, in addition to the other deposit requirements of this Part, deposit with the commissioner of insurance of this state a safekeeping or trust receipt from a bank doing business within the state or from a savings and loan association chartered to do business in this state indicating that a deposit has been made in the sum of fifty thousand dollars in money, or bonds of the United States or the state of Louisiana, or of any political subdivision thereof of the par value of not less than fifty thousand dollars, said bonds to be subject to the approval of the commissioner of insurance, and the value of said deposit shall be maintained.  

Acts 1958, No. 125.  Amended by Acts 1969, No. 76, §1; Acts 1979, No. 151, §1; Acts 1979, No. 235, §1; Acts 1981, No. 660, §1; Acts 1982, No. 748, §1.