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2020 Louisiana Laws
Revised Statutes
Title 22 - Insurance
§550.20. Prohibition on ownership by an insurance company
Universal Citation:
LA Rev Stat § 22:550.20 (2020)
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RS 550.20 - Prohibition on ownership by an insurance company
No captive insurer shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such captive insurer, other than in the case of a captive insurer all of whose members are insurance companies.
Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
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