There is a newer version
of
this Statute
2018 Louisiana Laws
Revised Statutes
TITLE 10 - Commercial Laws
RS 10:9-344 - RIGHTS OF LIFE INSURANCE COMPANIES
Universal Citation: LA Rev Stat § 10:9-344 (2018)
SUBPART 5. RIGHTS OF LIFE INSURANCE COMPANIES
§9-344. Life insurance companies
(a) This Chapter does not require an insurer to enter into an acknowledgment of the kind described in R.S. 10:9-107.1(a)(2), even if its customer so requests or directs.
(b) If an insurer acknowledges the creation of a security interest in a life insurance policy issued by it, the insurer does not owe any duty to the secured party unless the insurer otherwise agrees or to the extent law other than this Chapter otherwise provides, and the insurer is not required to confirm the acknowledgment to another person unless requested to do so by its customer.
Acts 2001, No. 128, §1, eff. July 1, 2001.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.