HLS 15RS-1281 ORIGINAL
2015 Regular Session
HOUSE BILL NO. 396
BY REPRESENTATIVE PONTI
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
INSURERS: Provides relative to the withdrawal of deposits by domestic insurers
1 AN ACT
2To amend and reenact R.S. 22:807, relative to withdrawal of deposits; to provide for the
3 withdrawal of deposits by domestic insurers; and to provide for related matters.
4Be it enacted by the Legislature of Louisiana:
5 Section 1. R.S. 22:807 is hereby amended and reenacted to read as follows:
6 ยง807. Withdrawals
7 Withdrawal of any bond or deposit required by R.S. 22:801 may be made
8 only upon approval by the commissioner of insurance and. A withdrawal of a bond
9 or deposit required by R.S. 22:801 or 808 shall be in accordance with the provisions
10 of R.S. 22:341.
11 Section 2. This Act shall become effective upon signature by the governor or, if not
12signed by the governor, upon expiration of the time for bills to become law without signature
13by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
14vetoed by the governor and subsequently approved by the legislature, this Act shall become
15effective on the day following such approval.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 15RS-1281 ORIGINAL
HB NO. 396
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 396 Original 2015 Regular Session Ponti
Abstract: Requires domestic insurers to comply with present law provisions governing the
withdrawal of any bond or deposit requirements.
Present law requires the withdrawal of any bond or deposit by foreign and alien insurers to
be made upon approval by the commissioner and in accordance with present law provisions
for the withdrawal from doing business in the state.
Proposed law retains present law and requires domestic insurers to comply with present law
provisions governing the withdrawal of any bond or deposit requirements.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 22:807)
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.