Usufruct
R.S. 22:72

Stock and mutual conversions ACTIVE

A. No domestic insurer may convert from a stock to a mutual, or from a mutual to a stock insurer, or from any type insurer to any other type insurer, except as provided in R.S. 22:71 unless a plan of conversion is submitted to and approved by the commissioner of insurance.

B. The commissioner of insurance shall not approve any such conversion unless in his opinion after a full investigation the best interests of the policyholders of any such insurer will be served.

C. The conversion of a mutual life insurer or a mutual life insurance holding company shall also comply with Subpart H-1 of this Part, R.S. 22:236 et seq. "Mutual life insurer" and "mutual life insurance holding company" shall have the meanings set forth in R.S. 22:236.

Actions

JSON Markdown Source (legis.la.gov)

References

Cited by

History

  • enactment Acts 1958, No. 125
  • amendment Acts 2008, No. 307, §1, eff. June 18, 2008
  • amendment Acts 2009, No. 317, §1
  • amendment Acts 2009, No. 503, §1

Section navigation

Cite R.S. 22:72

Bluebook
La. Rev. Stat. Ann. § 22:72 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-72
BibTeX
@misc{larevstat-22-72,
  title        = {La. Rev. Stat. Ann. § 22:72},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-72},
  note         = {Snapshot 2026-05-22}
}