2006 Louisiana Laws - RS 22:391 — Continuance of present insurers

PART X.  LIFE, HEALTH AND ACCIDENT INSURERS

ON THE CO-OPERATIVE OR ASSESSMENT PLAN

§391.  Continuance of present insurers

All life, health and accident insurers on co-operative or assessment plan organized and authorized to do business in this state as of 12:00 noon of October 1, 1948, may continue to operate provided, that from and after December 31, 1950, all policies issued by such insurers shall be subject to and in accordance with the laws and regulations of this state relative to industrial life insurance, and especially subject to the provisions of this Code relative to domestic industrial insurers, with the same insuring powers which they have on such date.  The operation of such insurers shall be governed by the provisions of this Part, and by all the applicable provisions of this Code not in conflict herewith.  

Acts 1958, No. 125.