2006 Louisiana Laws - RS 22:1364 — Stay of action on review

§1364.  Stay of action on review

A.  The filing of such a petition shall not stay any action taken or proposed to be taken by the commissioner of insurance under the order complained of unless a stay is granted by the court at a hearing held as part of the proceedings.

B.  A stay shall not be granted by the court in any case where the granting of a stay would tend to injure the public interest.  In granting a stay, the court may require of the person taking the action such security or other conditions as it deems proper.

C.  If the order complained of is one suspending, revoking, or refusing to renew an agent's, broker's, or solicitor's license, the person taking the action, by filing a bond with the clerk of the court, subject to approval of the court, conditioned to pay all costs that may be awarded against him, may, if filed prior to the effective date of such order, supersede the order complained of until the final determination of the case.  The court shall determine the amount of the bond by considering the severity of the charges or the amount of money allegedly involved in such charges.

Acts 1958, No. 125; Acts 1993, No. 956, §1.