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Code · Louisiana · Title 22 — Insurance

RS 22:150

106 words·~1 min read·/la/title-22/22-88

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RS 22:150
§150. Exceptions
The requirements in R.S. 22:149 shall not be applicable as follows:
(1)When an industrial life insurance policy is issued by any domestic, foreign, or alien insurer providing other benefits, in addition to life insurance, the provisions of R.S. 22:149 shall apply only to the life insurance portion of the policy.
(2)Any of the provisions of R.S. 22:149 or portions thereof not applicable to non-participating or term or paid-up policies shall to that extent not be incorporated therein.
Acts 1958, No. 125; Redesignated from R.S. 22:260 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
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