Louisiana Revised Statutes 22:2066 – Recognition of assessments in rates
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 22:2066
- Association: means the Louisiana Insurance Guaranty Association created under La. See Louisiana Revised Statutes 22:2055
- Member insurer: means any person who meets both of the following criteria:
(i) Is licensed and authorized to transact insurance in this state. See Louisiana Revised Statutes 22:2055
The rates and premiums charged for insurance policies to which this Part applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
Added by Acts 1970, No. 81, §1; Redesignated from La. Rev. Stat. 22:1390 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.