Louisiana Revised Statutes 22:2317 – Refund of certain assessments
Terms Used In Louisiana Revised Statutes 22:2317
- 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
At the time of issuance or annual renewal of a property insurance policy, each insurer shall include the following with the policy sent to each insured:
(1) Information on the electronic link to the form designated by the Department of Revenue to receive a refund from the state after its payment by the insured pursuant to La. Rev. Stat. 47:6025(A)(3) for the amount of any surcharge, market equalization charge, or other assessment levied by the corporation pursuant to La. Rev. Stat. 22:2307 due to Hurricanes Katrina and Rita.
(2) A statement in fourteen-point or boldface type that any surcharge, market equalization charge, or other assessment levied by the corporation pursuant to La. Rev. Stat. 22:2307 due to Hurricanes Katrina and Rita is refundable.
Acts 2010, No. 345, §1.