Louisiana § RS 11:723.1 - Actuarial purchase of credit for certain service performed under contract
Full text of Louisiana Louisiana Civil Code § RS 11:723.1 — Actuarial purchase of credit for certain service performed under contract, with citation guidance and answers to common questions.
§ RS 11:723.1. Actuarial purchase of credit for certain service performed under contract
A. Notwithstanding any other provision of law to the contrary, any person who was a member of the system for at least fifteen years and who terminated his employment, but was subsequently retained on a contractual basis with the office of receiverships within the Louisiana Department of Insurance, shall be eligible to purchase credit for service performed during the existence of such contract.
B. Any purchase of credit pursuant to this Section shall be executed on or before December 31, 2005, and shall be in an amount sufficient to offset any liability to the system caused by such purchase, calculated in accordance with the provisions of R.S. 11:158(C).
Acts 2001, No. 457, §1; Acts 2003, No. 1117, §1, eff. July 2, 2003.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 11:723.1
What does Louisiana Civil Code § RS 11:723.1 cover?
Section RS 11:723.1 ("Actuarial purchase of credit for certain service performed under contract") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 11:723.1?
A common citation format is "Louisiana Civil Code § RS 11:723.1" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 11:723.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.