A captive insurance company shall not do business in this state if an insurance company is directly or indirectly a member or owner of such captive insurance company, except when the members of the captive insurance company are all insurance companies.
La. R.S. 22:550.20
Prohibition on ownership by an insurance company
Acts 2008, No. 403, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.