Louisiana Revised Statutes 22:1212 – Miscellaneous provisions
Terms Used In Louisiana Revised Statutes 22:1212
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Insurer: means any insurance company or other entity authorized to transact and transacting health and accident insurance business in this state. See Louisiana Revised Statutes 22:1202
- Plan: means the Louisiana Health Plan as created in La. See Louisiana Revised Statutes 22:1202
A. Nothing in this Subpart shall be construed to reduce or offset the liability for unpaid fees assessed to an impaired or insolvent insurer operating a plan with liability for fees assessed under this Subpart.
B. For purposes of carrying out its obligations under this Subpart, the plan shall be deemed to be a creditor of an impaired or insolvent participating insurer to the extent of assets attributable to covered policies reduced by any amounts to which the plan is entitled for unpaid fees assessed. As provided for under La. Rev. Stat. 22:2093, payment of contractual obligations of an impaired or insolvent insurer shall include fees assessed under this Subpart.
C. Any unpaid fees assessed to a participating insurer shall become the liability of any continuing or successor insurer.
Acts 1997, No. 1154, §1, eff. Jan. 1, 1998; Acts 1999, No. 163, §1; Redesignated from La. Rev. Stat. 22:239.3 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
NOTE: Former La. Rev. Stat. 22:1212 redesignated as La. Rev. Stat. 22:1962 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.