Louisiana Revised Statutes 22:619 – Supplemental provisions; rules; exemption
Terms Used In Louisiana Revised Statutes 22:619
- Property and casualty insurer: means any insurance company possessing a certificate of authority in the state that issues insurance other than the kinds specified in La. See Louisiana Revised Statutes 22:611
A. The provisions of this Subpart are supplemental to any other provision of the laws of this state and shall not preclude or limit any other powers or duties of the department under this Code.
B. The department may adopt reasonable rules and regulations necessary for the implementation of this Subpart.
C. The department may exempt from the application of this Subpart any domestic property and casualty insurer which:
(1) Writes direct business only in this state.
(2) Writes direct annual premiums of two million dollars or less, and
(3) Assumes no reinsurance in excess of five percent of direct premium written.
Acts 1995, No. 1203, §1, eff. June 29, 1995; Redesignated from La. Rev. Stat. 22:868 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
NOTE: Former La. Rev. Stat. 22:619 redesignated as La. Rev. Stat. 22:860 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.