RS 22:710 Receivership - Louisiana Statutes

§710.  Receivership

Whenever it appears to the commissioner that any person has committed a violation of this Subpart which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, then the commissioner may proceed as provided in R.S. 22:73 and 96, Subpart H of this Part, R.S. 22:731 et seq,, and Chapter 9 of this Title, R.S. 22:2001 et seq.

Acts 1991, No. 794, §1; Redesignated from R.S. 22:1012 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.