Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 183 - Regulation Number 121-Term and Universal Life Insurance Reserve Financing
Section XIII-18315 - Prohibition against Avoidance
Universal Citation: LA Admin Code XIII-18315
Current through Register Vol. 50, No. 9, September 20, 2024
A. No insurer that has covered policies to which this regulation applies, as set forth in §18303, shall take any action or series of actions, or enter into any transaction, arrangement, or series of transactions or arrangements if the purpose of such action, transaction, arrangement, or series thereof is to avoid the requirements of this regulation, or to circumvent its purpose and intent, as set forth in §18301
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:651, 22:652, 22:661, 22:753, and the Administrative Procedure Act, R.S. 49:950 et seq.
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