Usufruct
R.S. 22:124

Domestic nonprofit mutual associations; insurer ACTIVE

Notwithstanding any law, regulation, or definition to the contrary, a domestic nonprofit mutual association, as defined in this Section, is deemed to be an insurer for the purposes of all surplus requirements, policy reserve requirements, and liquidation, conservation, rehabilitation, and receivership proceedings all as defined and set out in this Title. For purposes of this Section, a domestic nonprofit mutual association shall include a domestic nonprofit mutual association which is engaged exclusively in the business of furnishing hospital service, medical, or surgical benefits, or any similar entity.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

History

  • enactment Acts 1994, No. 92, §1
  • amendment Acts 2009, No. 503, §1

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Cite R.S. 22:124

Bluebook
La. Rev. Stat. Ann. § 22:124 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-124
BibTeX
@misc{larevstat-22-124,
  title        = {La. Rev. Stat. Ann. § 22:124},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-124},
  note         = {Snapshot 2026-05-22}
}