RS 22:76
116 words·~1 min read·
/la/title-22/22-291A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 22:76
§76. Prior approval required for merger of domestic insurer
No domestic insurer shall merge with another person without the prior approval of the commissioner, who may grant such approval upon written request of a domestic insurer. The request shall include the articles or plan of merger, a pro-forma consolidated financial statement for the merging entities, and other information as the commissioner may require to determine that the merger is not detrimental to the policyholders or to the financial solvency of the insurer. If the merger may result in a change of control of a domestic insurer, the requirements of this Section may be consolidated with those of R.S. 22:691.4.
Acts 2016, No. 379, §1.