{
  "urn": "urn:us-la:rs:22:402",
  "title_number": "22",
  "section_number": "402",
  "citation": "R.S. 22:402",
  "heading": "Establishment upon approval of commissioner",
  "text": "No trust fund with the purpose of indemnifying multiple nonprofit beneficiary organizations shall be established without the prior approval of the commissioner of insurance. The commissioner shall withhold approval of any trust fund that fails to comply with the provisions and requirements of this Subpart.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "22",
      "name": "INSURANCE CODE"
    },
    {
      "level": "chapter",
      "number": "2",
      "name": "REQUIREMENTS FOR INSURERS AND OTHER RISK BEARING ENTITIES"
    },
    {
      "level": "part",
      "number": "I",
      "name": "KINDS OF INSURERS"
    },
    {
      "level": "subpart",
      "number": "N",
      "name": "NONPROFIT BENEFICIARY ORGANIZATIONS AND RISK INDEMNIFICATION TRUSTS"
    }
  ],
  "breadcrumb": "Title 22 › Chapter 2 › Part I › Subpart N",
  "acts_citations": [
    {
      "act_year": 1986,
      "act_number": 574,
      "section": 2,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1986, No. 574, §2; Redesignated from R.S. 22:2042 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=507015",
  "website_law_id": 507015,
  "scrape_timestamp": "2026-05-22T22:11:38Z",
  "source_html_hash": "sha256:ed76ccbfdfd2e70e2cfe5151497caa5e880afb4e509b2bdd16df2873c9583065",
  "schema_version": "1.0.0"
}