reglab/housing_qa huggingface dataset:
LA Rev Stat § 22:527 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§527. Title insurer; agency appointment and termination

RS 527 - Title insurer; agency appointment and termination Within five days of executing or terminating a contract with a title insurance producer, the title insurer shall provide written notification of the appointment or termination and the reason for termination to the department. All notices of appointment and termination of a title insurance producer shall be made on a form promulgated by the department. Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R.S. 22:2092.9.1 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
LA Rev Stat § 22:528 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§528. Title insurer; restrictions

RS 528 - Title insurer; restrictions  A title insurer shall not:  (1) Appoint any director, officer, controlling shareholder, or employee of a title insurance producer to serve on the title insurer's board of directors if the title insurance producer wrote one percent or more of the direct premiums of the title insurer written during the previous calendar year as shown on the title insurer's most recent annual statement on file with the department. This Subsection shall not apply to relationships governed by R.S. 22:691 through 713.  (2) Jointly employ an individual who is employed with the title insurance producer unless the title insurer and the title insurance producer are affiliated or otherwise under common control as defined by R.S. 22:691.2.  (3) Engage in the practice of law as defined by R.S. 37:212.  Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R.S. 22:2092.9.2 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1; Acts 2016, No. 6, §1.
LA Rev Stat § 22:529 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§529. Title insurer; inventory maintenance

RS 529 - Title insurer; inventory maintenance The title insurer shall maintain an inventory of all numbered policy forms or policy numbers allocated to each title insurance producer. Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R.S. 22:2092.9.3 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
LA Rev Stat § 22:530 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§530. Title insurer; agency licensing and errors and omissions insurance requirements

RS 530 - Title insurer; agency licensing and errors and omissions insurance requirements The title insurer shall have on file evidence that each appointed title insurance producer is licensed by the state and maintains the errors and omissions insurance required by this Subpart. Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R.S. 22:2092.9.4 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
LA Rev Stat § 22:531 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§531. Policyholder rights and disclosure

RS 531 - Policyholder rights and disclosure A. A title insurer or a title insurance producer issuing a title insurance policy to a lender in conjunction with a mortgage loan involving immovable property made simultaneously with the purchase of all or part of the immovable estate securing the loan, when no owner's title insurance policy has been requested, shall give written notice, on a form prescribed or approved by the department, to the purchaser-mortgagor at the closing. B. The notice shall explain that a title insurance policy for the lender involving immovable property is issued for the protection of the mortgage lender, and that the policy does not provide title insurance protection to the purchaser-mortgagor as the owner of the immovable property being purchased. C. The notice shall explain what a title policy relating to immovable property insures and what possible exposures exist for the purchaser-mortgagor of immovable property that could be insured through the purchase of an owner's title policy involving immovable property. The notice shall also explain that the purchaser-mortgagor may obtain an owner's title insurance policy at a specified premium. D. A copy of the notice, signed by the purchaser-mortgagor, shall be retained in the closing file for at least three years after the effective date of the lender's title insurance policy. Acts 1997, No. 1427, §1; Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R.S. 22:2092.10 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
LA Rev Stat § 22:533 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§533. Record retention; requirements

RS 533 - Record retention; requirements The title insurer and the title insurance producer shall maintain sufficient records of their affairs, including evidence of the examination of title and determination of insurability and records of its escrow operations and escrow accounts. The department may prescribe the specific record entries and documents to be kept and the length of time for which the records shall be maintained. Acts 1997, No. 1427, §1; Redesignated from R.S. 22:2092.12 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
LA Rev Stat § 22:534 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§534. Louisiana Insurance Code; applicability to title insurers, title insurance producers

RS 534 - Louisiana Insurance Code; applicability to title insurers, title insurance producers All title insurers and title insurance producers shall be subject to all other applicable provisions of this Title unless specifically exempted by this Subpart. Acts 1997, No. 1427, §1; Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R.S. 22:2092.13 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
LA Rev Stat § 22:535 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§535. Rules and regulations; promulgated by department

RS 535 - Rules and regulations; promulgated by department The department shall issue rules, regulations, and directives, in accordance with the Administrative Procedure Act to implement the provisions of this Subpart. Acts 1997, No. 1427, §1; Acts 1999, No. 192, §1, eff. June 9, 1999; Redesignated from R.S. 22:2092.14 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:536 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§536. Penalties; liabilities

RS 536 - Penalties; liabilities A. If the department determines that the title insurer or the title insurance producer or any other person has violated this Subpart, or any rule, regulation, or order promulgated thereunder, the department, pursuant to R.S. 22:2191 et seq., may order: (1) If a corporation, a penalty not exceeding fifty thousand dollars for each violation, and if a natural person, a penalty not exceeding ten thousand dollars for each violation. (2) Revocation or suspension of the license of the title insurance producer or the certificate of authority of the title insurer. B. If an order of rehabilitation or liquidation of the insurer or of conservation of assets of the insurer has been entered pursuant to R.S. 22:73 and 96, Subpart H of Part III of this Chapter, R.S. 22:731 et seq., and Chapter 9 of this Title, R.S. 22:2001 et seq., and the receiver appointed under that order determines that the title insurance producer or any other person has not complied with this Subpart, or any related rule, regulation, or order, and the insurer suffered any resulting loss or damage thereunder, the receiver shall maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer and its policyholders and creditors. C. Nothing contained in this Section shall affect the right of the department to impose any other penalties provided for in this Title. D. Nothing contained in this Subpart is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, and creditors of the title insurer or the title insurance producer. Acts 1997, No. 1427, §1; Redesignated from R.S. 22:2092.15 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
LA Rev Stat § 22:537 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§537. Limits of scope

RS 537 - Limits of scope Nothing contained in this Subpart shall be deemed to amend, supersede, or repeal any provision of R.S. 37:212 and 213. Acts 1997, No. 1427, §1; Redesignated from R.S. 22:2092.16 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:541 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§541. Redesignated as R.S. 22:281 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 541 - Redesignated as R.S. 22:281 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:542 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§542. Redesignated as R.S. 22:282 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 542 - Redesignated as R.S. 22:282 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:543 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§543. Redesignated as R.S. 22:283 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 543 - Redesignated as R.S. 22:283 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:544 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§544. Redesignated as R.S. 22:284 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 544 - Redesignated as R.S. 22:284 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:545 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§545. Redesignated as R.S. 22:285 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 545 - Redesignated as R.S. 22:285 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:546 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§546. Redesignated as R.S. 22:286 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 546 - Redesignated as R.S. 22:286 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:547 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§547. Redesignated as R.S. 22:287 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 547 - Redesignated as R.S. 22:287 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:548 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§548. Redesignated as R.S. 22:288 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 548 - Redesignated as R.S. 22:288 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:549 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§549. Redesignated as R.S. 22:289 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 549 - Redesignated as R.S. 22:289 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:550 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550. Redesignated as R.S. 22:290 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

RS 550 - Redesignated as R.S. 22:290 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
LA Rev Stat § 22:550.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.1. Purpose and short title

RS 550.1 - Purpose and short title  The purpose of this Subpart is to regulate the formation and operation of domestic captive insurance companies within the state of Louisiana and may be cited as the "Captive Insurers Law".  Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
LA Rev Stat § 22:550.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.3. Applicability of other provisions

RS 550.3 - Applicability of other provisions  A. The terms and conditions set forth in R.S. 22:96, Subpart H of Part II of Chapter 2 of this Title, and in Chapter 9 of this Title pertaining to rehabilitation, liquidation, conservation, dissolution and administrative supervision, apply to captive insurers licensed pursuant to this Subpart.  B. The provisions of R.S. 22: 72 regarding conversions apply to captive insurers licensed pursuant to this Subpart.  C. The provisions of acquisition of control or merger with a domestic insurer of Subpart G of Part III of Chapter 2 of this Title shall apply to captive insurers licensed pursuant to this Subpart.  Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3; Acts 2012, No. 633, §1.
LA Rev Stat § 22:550.4 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.4. Regulations

RS 550.4 - Regulations  The commissioner may establish such rules and regulations as are necessary to carry out the provisions of this Subpart.  Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
LA Rev Stat § 22:550.5 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.5. Incorporation of a captive insurer

RS 550.5 - Incorporation of a captive insurer A. Unless otherwise approved by the commissioner, a pure captive insurer or an association captive insurer must be incorporated as a stock insurer pursuant to Subpart A of Part I of Chapter 2 of this Title. B. The articles of incorporation shall be prepared, approved and recorded in the same manner as provided in Subpart A of Part I of Chapter 2 of this Title. In determining whether to grant such approval, the commissioner shall consider all of the following: (1) The character, reputation, financial standing and purposes of the incorporators or organizers. (2) The character, reputation, financial responsibility, experience relating to insurance and business qualifications of the officers and directors of the captive insurer. (3) The competence of any person who, pursuant to a contract with the captive insurer, will manage the affairs of the captive insurer. (4) The competence, reputation and experience of the legal counsel of the captive insurer relating to the regulation of insurance. (5) The business plan of the captive insurer. (6) Such other aspects of the captive insurer as the commissioner deems advisable. C. The articles of incorporation or bylaws of a captive insurer must require that a quorum of the board of directors consists of not less than one-half of the number of directors prescribed by the articles of incorporation or bylaws. D. The capital stock of a captive insurer shall be issued at not less than par value. Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
LA Rev Stat § 22:550.6 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.6. Certificate of authority required to transact insurance

RS 550.6 - Certificate of authority required to transact insurance A captive insurer shall not transact the business of insurance in this state unless the captive insurer first obtains a certificate of authority from the commissioner. Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
LA Rev Stat § 22:550.8 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.8. Initial examination and issuance of certificate of authority

RS 550.8 - Initial examination and issuance of certificate of authority Upon receipt of the application for certificate of authority, the commissioner shall cause an initial examination to be made of the captive insurer. If, in the opinion of the commissioner, the examination shows the corporation to be duly organized and to have complied with all requirements of law, he shall notify the applicant and issue a certificate of authority. Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
LA Rev Stat § 22:550.9 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.9. Change of information submitted with application

RS 550.9 - Change of information submitted with application A captive insurer shall notify the commissioner of any changes to the plan of operation or other information submitted with the application within thirty days of the adoption of such change. Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
LA Rev Stat § 22:550.10 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.10. Capital and surplus requirements

RS 550.10 - Capital and surplus requirements A. A pure captive insurer shall maintain at all times, in addition to any other capital or surplus required to be maintained pursuant to Subsection D of this Section, unimpaired paid-in capital and surplus of not less than five hundred thousand dollars. B. An association captive insurer shall maintain at all times, in addition to any other capital or surplus required to be maintained pursuant to Subsection D of this Section, unimpaired paid-in capital and surplus of not less than one million dollars. C. Except as otherwise provided by the commissioner pursuant to Subsection D of this Section, the capital required to be maintained pursuant to this Section must be in the form of cash, cash equivalents, or bonds or evidences of indebtedness which are direct general obligations of the government of the United States. D. The commissioner may prescribe additional requirements relating to capital and surplus based on the type, volume and nature of the insurance business that is transacted by the captive insurer. Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3; Acts 2012, No. 633, §1.
LA Rev Stat § 22:550.11 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.11. Deposit required of association captive insurers

RS 550.11 - Deposit required of association captive insurers All association captive insurers shall, before receiving a certificate of authority, deposit with the commissioner a safekeeping or trust receipt from a bank doing business within the state or from a savings and loan association chartered to do business in this state indicating that the association captive insurer has deposited one hundred thousand dollars in money, or bonds of the United States, the state of Louisiana, or any political subdivision thereof, of the par value of not less than one hundred thousand dollars. All securities deposited pursuant to this Section shall be held in trust for the benefit and protection of and as security for all policyholders of the association captive insurer making such deposit. Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
LA Rev Stat § 22:550.12 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.12. Suspension or revocation of certificate of authority; hearings

RS 550.12 - Suspension or revocation of certificate of authority; hearings  A. The commissioner may refuse, suspend or revoke the certificate of authority of a captive insurer if, after an examination and hearing, the commissioner determines that the captive insurer satisfies any one of the following items:  (1) Is insolvent or has impaired its required capital or surplus.  (2) Is in such condition that its further transaction of business in this state would be hazardous to the policyholders, creditors, or the public.  (3) Has failed to meet a requirement of R.S. 22:550.10.  (4) Has refused or failed to submit an annual report, as required by R.S. 22:550.21, or any other report or statement required by law or by order of the commissioner.  (5) Has failed to comply with the provisions of its charter or bylaws.  (6) Has failed to submit to an examination, or has refused or failed to pay the cost of an examination required pursuant to R.S. 22:550.22.  (7) Has used any method in transacting the business of insurance pursuant to this Subpart which is detrimental to the operation of the captive insurer or would make its condition unsound with respect to its policyholders or the general public.  (8) Has failed otherwise to comply with the laws of this state.  (9) The suspension or revocation of the certificate of authority of the captive insurer is in the best interest of its policyholders or the general public.  B. No captive insurer whose certificate of authority has been suspended, revoked, or refused shall subsequently be authorized unless the grounds for such suspension, revocation, or refusal no longer exist and the captive insurer is otherwise fully qualified.  C. An aggrieved party affected by the commissioner's decision, act, or order may demand a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq.  Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Acts 2009, No. 317, §1; Redesignated by Acts 2009, No. 503, §3; Acts 2012, No. 633, §1.
LA Rev Stat § 22:550.14 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.14. Meetings of board of directors; additional requirements to transact insurance

RS 550.14 - Meetings of board of directors; additional requirements to transact insurance A. The board of directors of a captive insurer shall meet at least quarterly each year. B. The captive insurer shall maintain its principal place of business in this state, maintain its books and records in accordance with R.S. 22:68, and shall deliver to the commissioner an instrument authorizing service of process. C. Prior to transacting insurance in this state, a captive insurer shall comply with all of the following items: (1) Make adequate arrangements with a bank located in this state that is authorized pursuant to state or federal law to transfer money. (2) Employ or enter into a contract with a natural person or business organization to manage the affairs of the captive insurer that meets the standards of competence and experience satisfactory to the commissioner. (3) Employ or enter into a contract with a qualified and experienced certified public accountant that is approved by the commissioner or a firm of certified public accountants that is nationally recognized. (4) Employ or enter into a contract with qualified, experienced actuaries who are approved by the commissioner to perform reviews and evaluations of the operations of the captive insurer. Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
LA Rev Stat § 22:550.15 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.15. Payment of dividends

RS 550.15 - Payment of dividends A captive insurer shall not pay dividends out of, or make any other distribution with respect to, its capital or surplus, or both unless the captive insurer has obtained the prior approval of the commissioner to make such a payment or distribution. Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3.
LA Rev Stat § 22:550.16 (2021)
2021 Louisiana Laws|Revised Statutes|Title 22 - Insurance|§550.16. Investments; loan to parent or affiliated company in certain circumstances

RS 550.16 - Investments; loan to parent or affiliated company in certain circumstances A. Except as otherwise provided in this Section, an association captive insurer shall comply with the requirements relating to investments set forth in Subpart B of Part III of Chapter 2 of this Title. B. A pure captive insurer is not subject to any restrictions on allowable investments, except that the commissioner may prohibit or limit any investment that threatens the solvency or liquidity of the pure captive insurer. C. A pure captive insurer may make a loan to its parent or affiliated company if the loan meets each of the following requirements: (1) The loan is first approved in writing by the commissioner. (2) The loan is evidenced by a note that is in a form approved by the commissioner. (3) The loan does not include any money that has been set aside as capital or surplus as required by R.S. 22:550.10. Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3; Acts 2012, No. 633, §1.