2006 Louisiana Laws - RS 22:981 — Foreign or alien insurers may be admitted

PART XXI.  FOREIGN OR ALIEN INSURERS

§981.  Foreign or alien insurers may be admitted

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 Part, and all other applicable provisions of this Code, to transact the kind or kinds of business which a similar domestic insurer may legally transact under this Code, except non-profit funeral insurance, and life, health and accident insurers on the co-operative or assessment plan, provided insurers admitted to transact the kinds of business provided in Parts VII¹ and VIII² shall meet the requirements for life insurers under Parts III³ and IV.⁴

Any foreign insurance company which has been licensed to do the business of life insurance in this state continuously during a period of ten years next preceding October 1, 1948, may continue to be licensed to do the kind or kinds of insurance business which it was authorized to do immediately prior to October 1, 1948.  

Acts 1958, No. 125.

¹R.S. 22:251 to 22:260.

²R.S. 22:291 to 22:294.

³R.S. 22:71 to 22:84.

⁴R.S. 22:121 to 22:132.