Usufruct
R.S. 22:1472

Joint underwriting or joint reinsurance ACTIVE

A. Every group, association, or other organization of insurers which engages in joint underwriting or joint reinsurance, shall be subject to regulations and penalties as provided by this Subpart. Joint reinsurance shall also be subject to the provisions of R.S. 22:1474 and Chapter 8 of this Title.

B. If the commissioner finds that any activity or practice of any such group, association, or other organization is unfair, unreasonable, or otherwise inconsistent with the provisions of this Subpart, the commissioner shall issue a written order specifying in what respects such activity or practice is unfair, unreasonable, or otherwise inconsistent with the provisions of this Subpart and shall require the discontinuance of such activity or practice.

C. An aggrieved party affected by the commissioner's decision, act, or order may demand a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq.

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JSON Markdown Source (legis.la.gov)

References

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History

  • enactment Acts 1958, No. 125
  • amendment Acts 1960, No. 296, §1
  • amendment Acts 2003, No. 456, §1
  • amendment Acts 2007, No. 459, §4, eff. Jan. 1, 2008
  • amendment Acts 2009, No. 317, §1
  • amendment Acts 2010, No. 703, §1, eff. Jan. 1, 2011
  • amendment Acts 2022, No. 185, §1

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Cite R.S. 22:1472

Bluebook
La. Rev. Stat. Ann. § 22:1472 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-1472
BibTeX
@misc{larevstat-22-1472,
  title        = {La. Rev. Stat. Ann. § 22:1472},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-1472},
  note         = {Snapshot 2026-05-22}
}