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Any officer or director of any insurer who votes or assents to any payment, either to stockholders or policyholders, in violation of any of the provisions of La. Rev. Stat. 22:754 shall forfeit to the state the sum of five thousand dollars, to be recovered in an action brought in the name of the commissioner of insurance.

Acts 1958, No. 125; Redesignated from La. Rev. Stat. 22:165 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

NOTE:  Former La. Rev. Stat. 22:755 redesignated as La. Rev. Stat. 22:2034 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.