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La. Rev. Stat. § 22:550.24

Rates

Louisiana · Louisiana Revised Statutes Title 22 — Insurance · Status: effective

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La. Rev. Stat. § 22:550.24, Rates, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2704087
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A. Each captive insurance company shall file rates for property and casualty lines of insurance in accordance with Subpart O of Part IV of Chapter 4 of this Title, R.S. 22:1451 et seq., on an actuarially justified basis with the department and may use the rates forty-five days after filing, unless the department disapproves the use of rates within the forty-five-day period. For all other lines of insurance, captive insurance companies shall file rates on an actuarially justified basis with the department and may use the rates within the forty-five-day period. B. A captive insurance company shall not be required to join a rating organization.