La. Stat. tit. 22 § 550.20

Current with operative changes from the 2024 Third Special Legislative Session

Section 22:550.20 - Prohibition on ownership by an insurance company

No captive insurer shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such captive insurer, other than in the case of a captive insurer all of whose members are insurance companies.

La. R.S. § 22:550.20

Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.

Acts 2008, No. 403, §1, eff. 1/1/2009; Redesignated by Acts 2009, No. 503, §3.