Usufruct
R.S. 22:1212

Miscellaneous provisions ACTIVE

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 R.S. 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.

Actions

JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1997, No. 1154, §1, eff. Jan. 1, 1998
  • amendment Acts 1999, No. 163, §1

Section navigation

Cite R.S. 22:1212

Bluebook
La. Rev. Stat. Ann. § 22:1212 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-1212
BibTeX
@misc{larevstat-22-1212,
  title        = {La. Rev. Stat. Ann. § 22:1212},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-1212},
  note         = {Snapshot 2026-05-22}
}