Louisiana Revised Statutes 22:66 – Initial examination: issuance of certificate of authority
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Terms Used In Louisiana Revised Statutes 22:66
- 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.
Upon receipt of the application for a certificate of authority, the commissioner of insurance shall cause an initial examination to be made of the corporation. If, in the opinion of the commissioner of insurance, the examination shows the corporation to be duly organized and to have complied with all requirements of law, he shall notify the applicant and issue a certificate of authority to the corporation.
Acts 1958, No. 125; Redesignated from La. Rev. Stat. 22:37 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.