La. Rev. Stat. § 22:762
Restrictions on maximum and annual premiums written
Louisiana · Louisiana Revised Statutes Title 22 — Insurance · Status: effective
Cite this
- Citation
- La. Rev. Stat. § 22:762, Restrictions on maximum and annual premiums written, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2704388
- Permanent ID
ys:prov:2704388@1- SHA-256
8f6f3cdc608d09fd54c9aa086b459fe7c6c69502fb5a053576a08c2849c91435
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A. Whenever the commissioner has reason to believe that the financial condition of an insurer endangers the interests of its policyholders and the insurer's ratio of actual or projected annual net premiums to current surplus as to policyholders exceeds four to one, the commissioner may by order establish maximum net annual premiums to be written by the insurer consistent with maintaining the ratio specified herein. The order shall not exceed six months in duration.
B. Projected annual net premiums shall be based on the actual writings to date for the insurer's current calendar year or the insurer's writings for the previous calendar year, or both. The ratio shall be computed on an annualized basis.
C. This Section shall not apply to life or health insurers.
D. When computing the ratio of actual or projected annual net premiums to current surplus as to policyholders, as provided by Subsection A of this Section, policy fees shall not be included in the compilation of actual or projected annual net premiums.
Acts 1990, No. 881, §1, eff. Jan. 1, 1991; Acts 1991, No. 207, §1, eff. July 2, 1991; Redesignated from R.S. 22:891.1 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
NOTE: Former R.S. 22:762 redesignated as R.S. 22:2043 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.