The purpose of this Part is to provide for the payment of covered claims under certain insurance policies with a minimum delay and a minimum financial loss to claimants or policyholders due to the insolvency of an insurer, to provide financial assistance to member insurers under rehabilitation or liquidation, and to provide an association to assess the cost of such operations among insurers.

Added by Acts 1970, No. 81, §1.  Acts 1992, No. 517, §1, eff. June 25, 1992; Redesignated from La. Rev. Stat. 22:1376 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2010, No. 959, §1, eff. July 6, 2010.

NOTE:  Former La. Rev. Stat. 22:2052 redesignated as La. Rev. Stat. 22:412 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.