CHAPTER 2.  REQUIREMENTS FOR INSURERS AND

OTHER RISK BEARING ENTITIES

PART I.  KINDS OF INSURERS

SUBPART A.  DOMESTIC INSURERS - GENERALLY

§61.  Incorporators

Five or more natural persons of full age, or fully relieved by emancipation of all disabilities attaching to minority, who are citizens of the United States and a majority of whom are residents of this state, may form a corporation for the purpose of transacting any class or classes of insurance permitted under this Code as a stock or mutual company.

Acts 1958, No. 125; Redesignated from R.S. 22:31 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.