2006 Louisiana Laws - RS 22:1934 — Qualifications
§1934. Qualifications
The commissioner shall not issue a license to an animal insurer unless all of the following conditions are met:
(1) If the applicant is a corporation, it shall be a solvent corporation incorporated under the laws of Louisiana or another state, district, territory, or possession of the United States of America.
(2) Applicant shall furnish such proof as is necessary to the commissioner that the directors and management of the company are competent, trustworthy, and capable of successfully managing its affairs in compliance with law.
(3) Applicant shall deposit securities or file a surety bond as required by R.S. 22:1935.
(4) Applicant shall be in compliance with and continue to comply with all applicable laws.
Acts 1985, No. 563, §1.
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