Usufruct
R.S. 22:167

Declaration of organization ACTIVE

The attorney-in-fact of subscribers who desire to form a reciprocal insurer under this Subpart shall sign and acknowledge, before an officer authorized to take acknowledgments, a declaration of organization setting forth:

(1) The name of the reciprocal insurer and the attorney-in-fact.

(2) The location of the insurer's principal office, which shall be the same as that of the attorney-in-fact, and shall be maintained within this state.

(3) The kinds of insurance proposed to be transacted.

(4) The names and addresses of the officers and directors of the attorney-in-fact, if a corporation, or of its members, if a firm.

(5) The minimum and maximum liability of the subscriber for the payment of losses occurring under its policies.

(6) Any other lawful provisions deemed advisable.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1958, No. 125

Section navigation

Cite R.S. 22:167

Bluebook
La. Rev. Stat. Ann. § 22:167 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-167
BibTeX
@misc{larevstat-22-167,
  title        = {La. Rev. Stat. Ann. § 22:167},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-167},
  note         = {Snapshot 2026-05-22}
}