ENROLLED
ACT No. 108
2019 Regular Session
HOUSE BILL NO. 271
BY REPRESENTATIVE ANDERS
1 AN ACT
2 To amend and reenact R.S. 22:340(A)(introductory paragraph) and (1), relative to the
3 procedure following a merger or consolidation of foreign or alien insurers; to provide
4 for the filing of the agreement and certificate of merger with the commissioner of
5 insurance; to provide for an effective date; and to provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 22:340(A)(introductory paragraph) and (1) are hereby amended and
8 reenacted to read as follows:
9 ยง340. Procedure following merger or consolidation
10 A. Whenever a foreign or alien insurer authorized to transact business in this
11 state shall be the surviving insurer of a statutory merger permitted by the laws of the
12 state or country under which it is organized, and such the merger is not subject to the
13 provisions of R.S. 22:73 and 96, Subpart H of Part III of this Chapter, R.S. 22:731
14 et seq., and Chapter 9 of this Title, R.S. 22:2001 et seq., it shall forthwith
15 immediately file with the commissioner of insurance:
16 (1) Two copies One copy of the agreement and certificate of merger duly
17 authenticated by the proper official of the state or country under the laws of which
18 such the statutory merger was effected, one of which copies shall be retained by the
19 commissioner of insurance, and one of which certified copies shall be filed with the
20 secretary of state by said commissioner.
21 * * *
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 271 ENROLLED
1 Section 2. This Act shall become effective on January 1, 2020.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.