Louisiana Revised Statutes 22:2306 – Examination of corporation
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Terms Used In Louisiana Revised Statutes 22:2306
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means the Louisiana Citizens Property Insurance Corporation, and includes the residual market insurance programs known as the "Coastal Plan" and the "FAIR Plan". See Louisiana Revised Statutes 22:2292
The commissioner of insurance shall make examinations of the Louisiana Citizens Property Insurance Corporation and the plans in the manner as provided by La. Rev. Stat. 22:1981 for examination of insurers. The expense of such examinations shall be borne and paid by the corporation. The corporation and the plans shall be subject to examination by the legislative auditor.
Acts 2003, No. 1133, §1; Redesignated from La. Rev. Stat. 22:1430.15 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.