Louisiana Revised Statutes Tit. 37, § 222. Limitation of liability; structured settlements; funding; “good faith” investments

(1) “Attorney” means a natural person, duly and regularly licensed and admitted to practice law in this state, a professional law corporation organized pursuant to R.S. 12:801 et seq., or a partnership formed for the practice of law and composed of such natural persons or corporations, all of whom are duly and regularly licensed and admitted to the practice of law.

(2) “Good faith” is presumed to exist when the attorney recommends or negotiates, invests, or deposits funds with an entity which is funded, guaranteed, or bonded by an insurance company which, at the time of such act, had a minimum rating of “A+9” or “Double A”, or an equivalent thereof, according to standard rating practices in the insurance industry.