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Current as of January 01, 2023 | Updated by Findlaw Staff
A. Each captive insurance company shall file rates for property and casualty lines of insurance in accordance with Subpart O of Part IV of Chapter 4 of this Title, R.S. 22:1451 et seq., on an actuarially justified basis with the department and may use the rates forty-five days after filing, unless the department disapproves the use of rates within the forty-five-day period. For all other lines of insurance, captive insurance companies shall file rates on an actuarially justified basis with the department and may use the rates within the forty-five-day period.
B. A captive insurance company shall not be required to join a rating organization.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 22, § 550.24. Rates - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-22-sect-550-24/
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