Louisiana Revised Statutes 22:2029 – Report for assessment
Terms Used In Louisiana Revised Statutes 22:2029
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Within three years from the date an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer was filed in the office of the clerk of the court by which such order was made, the commissioner of insurance may make a report to the court setting forth each of the following:
(1) The reasonable value of the assets of the insurer.
(2) The insurer’s probable liabilities.
(3) The probable necessary assessments, if any, to pay all claims and expenses in full, including expenses of administration.
Acts 1958, No. 125; Redesignated from La. Rev. Stat. 22:750 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2012, No. 271, §1.
NOTE: Former La. Rev. Stat. 22:2029 redesignated as La. Rev. Stat. 22:1162 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.