The purpose of this Part is to provide for the payment of covered claims under certain insurance policies with a minimum delay and a minimum financial loss to claimants or policyholders due to the insolvency of an insurer, to provide financial assistance to member insurers under rehabilitation or liquidation, and to provide an association to assess the cost of such operations among insurers.
R.S. 22:2052 active rs title
Purpose ACTIVE
Actions
References
None.
Cited by
History
- enactment Acts 1970, No. 81, §1
- amendment Acts 1992, No. 517, §1, eff. June 25, 1992
- amendment Acts 2010, No. 959, §1, eff. July 6, 2010