2006 Louisiana Laws - RS 22:1024 — Exception; life insurer

§1024.  Exception; life insurer

Any life insurer having and maintaining one hundred thousand dollars unimpaired capital stock, if a stock company, or one hundred thousand dollars surplus above all liabilities if a mutual company, and maintaining one hundred thousand dollars in approved securities on deposit with the proper official of its home state, or state of entry if an alien insurer, or with its proper territorial officer if domiciled in a United States territory to secure the payment of any policy claim need not comply with the provisions of R.S. 22:1021 or 22:1023.  

Acts 1958, No. 125.