2006 Louisiana Laws - RS 22:941.4 — Unearned premium reserve; reduction below required amount prohibited
§941.4. Unearned premium reserve; reduction below required amount prohibited
Nothing contained in R.S. 22:941 through 941.4 shall be deemed to permit the ceding insurer to receive through the cession of the whole or any part of any risk or risks any advantage whereby its unearned premium reserve, or the net amount of its valuation reserves, as the case may be, is reduced below the required amount thereof by the provisions of this Part.
Acts 1991, No. 996, §1, eff. Jan. 1, 1992; Acts 1995, No. 1182, §2.
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