RS 22:550.28
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/la/title-22/22-2627A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 22:550.28
§550.28. Rules for controlled unaffiliated businesses
The commissioner may adopt rules establishing standards to ensure that a parent or its affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by a pure captive insurance company, provided that until such time as rules pursuant to this Section are adopted by the commissioner, the commissioner may approve the coverage of such risks by a pure captive insurance company.
Acts 2025, No. 313, §2.