Louisiana Revised Statutes Tit. 22, § 550.14. Formation and meetings of board of directors; additional requirements to transact insurance

(1) The captive insurance company shall maintain its books and records in accordance with R.S. 22:68.

(2) Prior to transacting insurance in this state, a captive insurance company shall do all of the following:

(1) It first obtains from the commissioner a certificate of authority authorizing it to do business in this state.

(2) Its board of directors, committee of managers, or, in the case of a reciprocal insurer, its subscribers' advisory committee holds at least one meeting each year in this state, except for an association captive insurance company, whose board of directors shall meet at least quarterly each year.

(3) It maintains its principal place of business in this state.

(4) It appoints a registered agent to accept service of process and to otherwise act on its behalf in this state, provided that whenever the registered agent cannot with reasonable diligence be found at the registered office of the captive insurance company, the commissioner shall be an agent of the captive insurance company upon whom any process, notice, or demand may be delivered as authorized service of process.