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      RS 22:48     


§48.  Types of insurers and other risk bearing entities

A.  The following entities are regulated by specific provisions in the Louisiana Insurance Code:

(1)  Domestic stock insurers.

(2)  Domestic mutual insurers.

(3)  Domestic service insurers.

(4)  Industrial insurers.

(5)  Reciprocal insurers.

(6)  Nonprofit funeral service associations.

(7)  Mutual insurance holding companies.

(8)  Health maintenance organizations.

(9)  Fraternal benefit societies.

(10)  Foreign and alien insurers.

(11)  Vehicle mechanical breakdown insurers.

(12)  Property residual value insurers.

(13)  Nonprofit beneficiary organizations and risk indemnification trusts.

(14)  Surplus line insurers.

(15)  Group self insurers, provided that any arrangement or trust formed under Subpart J of Part I of Chapter 10 of Title 23 of the Louisiana Revised Statutes of 1950, shall not be regulated under the Louisiana Insurance Code.

(16)  Risk retention groups.

(17)  Title insurers.

B.  The provisions of this Section shall not preclude the Department of Insurance from regulating any other entity that meets the definition of an insurer or risk bearing entity as defined in this Title unless specifically excluded from regulation by the department.

Acts 2008, No. 410, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1; Acts 2010, No. 794, §1.

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