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.
‹ Prev All Louisiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.