US Laws, Codes, Statutes & Cases

§34.  Recordation

A.  The articles, or a multiple original thereof, after having been submitted to and approved by the commissioner of insurance, shall be recorded in the office of the recorder of mortgages of the parish in which the registered office of the corporation is situated and two certified copies of the articles, bearing the certificate of the proper recorder of mortgages, showing the date and hour when the articles were filed for record in his office, shall be delivered to the commissioner of insurance and one of said copies recorded in his office; and when all taxes, fees and charges have been paid as required by law, the commissioner of insurance shall certify the date and hour when the corporate existence began, according to the certificate of the recorder of mortgages showing the date and hour when the original articles were filed for record in the office of such recorder.

B.  The corporation shall not have authority to transact an insurance business until a certificate of authority to transact such business is issued to it by the commissioner of insurance.

C.  The secretary of state is authorized and directed to transfer to the commissioner of insurance the articles of incorporation, and all amendments thereto, of domestic incorporated insurers now holding or hereafter issued certificates of authority to transact the business of insurance in this state, as well as such other records as may pertain to such insurers, after having first reproduced such articles, amendments and records for preservation in the office of the secretary of state.

Acts 1958, No. 125.  Amended by Acts 1960, No. 391, §1; Acts 1999, No. 342, §6.