La. Rev. Stat. § 22:167
Declaration of organization
Louisiana · Louisiana Revised Statutes Title 22 — Insurance · Status: effective
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- Citation
- La. Rev. Stat. § 22:167, Declaration of organization, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2703600
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Full text
The attorney-in-fact of subscribers who desire to form a reciprocal insurer under this Subpart shall sign and acknowledge, before an officer authorized to take acknowledgments, a declaration of organization setting forth:
(1) The name of the reciprocal insurer and the attorney-in-fact.
(2) The location of the insurer's principal office, which shall be the same as that of the attorney-in-fact, and shall be maintained within this state.
(3) The kinds of insurance proposed to be transacted.
(4) The names and addresses of the officers and directors of the attorney-in-fact, if a corporation, or of its members, if a firm.
(5) The minimum and maximum liability of the subscriber for the payment of losses occurring under its policies.
(6) Any other lawful provisions deemed advisable.
Acts 1958, No. 125; Redesignated from R.S. 22:438 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
NOTE: Former R.S. 22:167 redesignated as R.S. 22:935 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.