No domestic life insurer may convert to a type of insurer having greater insuring power without meeting the full capital, surplus, and deposit requirements of the type insurer to which it desires to convert.
R.S. 22:71 active rs title
Conversion requirements ACTIVE
Actions
References
None.
Cited by
History
- enactment Acts 1958, No. 125
- amendment Acts 1960, No. 167, §1
- amendment Acts 1975, No. 575, §1
- amendment Acts 1997, No. 1449, §2
- amendment Acts 2009, No. 503, §1