RS 22:723 Rules and regulations - Louisiana Statutes

§723.  Rules and regulations

The commissioner of insurance shall have the power to make such rules and regulations as may be necessary for the execution of the functions vested in him by R.S. 22:49, 715 through 720, and 722, and 723 and may for such purpose classify domestic stock insurance companies, securities, and other persons or matters within his jurisdiction.  No provision of R.S. 22:715 through 717 imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the commissioner of insurance, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason.

Added by Acts 1966, No. 8, §1, eff. June 9, 1966, at 1:50 P.M.; Redesignated from R.S. 22:1533 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.