§550.24. Rates
A. Each captive insurance company shall file rates for property and casualty lines of
insurance in accordance with Subpart O of Part IV of Chapter 4 of this Title, R.S. 22:1451
et seq., on an actuarially justified basis with the department and may use the rates forty-five
days after filing, unless the department disapproves the use of rates within the forty-five-day
period. For all other lines of insurance, captive insurance companies shall file rates on an
actuarially justified basis with the department and may use the rates within the forty-five-day
period.
B. A captive insurance company shall not be required to join a rating organization.
Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3;
Acts 2025, No. 313, §2.