2006 Louisiana Laws - RS 22:806 — Stock and mutual conversions
§806. Stock and mutual conversions
No domestic insurer may convert from a stock to a mutual, or from a mutual to a stock insurer, or from any type insurer to any other type insurer, except as provided in R.S. 22:801 unless a plan of conversion is submitted to and approved by the commissioner of insurance.
The commissioner of insurance shall not approve any such conversion unless in his opinion after a full investigation, and hearing if he deems it necessary, the best interests of the policyholders of any such insurer will be served.
Acts 1958, No. 125.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
