Usufruct
R.S. 22:384

Qualifications ACTIVE

The commissioner shall not license a property residual value insurer unless all of the following conditions are met:

(1) Applicant shall be solvent.

(2) Applicant shall furnish such proof as necessary to the commissioner that the directors and management of the company are competent and trustworthy and are capable of successfully managing its affairs in compliance with law.

(3) Applicant shall make the deposit or file such surety as required by R.S. 22:385.

(4) Applicant shall be in compliance with and continue to be in compliance with all applicable laws.

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JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1981, No. 472, §1, eff. July 19, 1981
  • amendment Acts 2009, No. 503, §1

Section navigation

Cite R.S. 22:384

Bluebook
La. Rev. Stat. Ann. § 22:384 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-384
BibTeX
@misc{larevstat-22-384,
  title        = {La. Rev. Stat. Ann. § 22:384},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-384},
  note         = {Snapshot 2026-05-22}
}