Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 135 - Regulation Number 93 - Named Storm and Hurricane Deductibles
Section XIII-13511 - Rescission
Current through Register Vol. 50, No. 9, September 20, 2024
A. The Commissioner may subsequently rescind his approval of any filing made pursuant to this Subsection if the insurer fails to write new business in accordance with the business plan filed with and approved by the Commissioner pursuant to R.S. 22:1333(D) and 22:1265(F).
B. If a filing made pursuant to R.S. 22:1333(D) and 22:1265(F) has been approved and in effect for at least 180 days, any rescission by the Commissioner shall set forth the date when such rescission shall be effective.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11 to enforce the provisions of R.S. 22:1333(D) and 22:1265(F).