Louisiana § RS 22:232.3 - Merger of foreign mutual insurance company
Full text of Louisiana Louisiana Civil Code § RS 22:232.3 — Merger of foreign mutual insurance company, with citation guidance and answers to common questions.
§ RS 22:232.3. Merger of foreign mutual insurance company
A. Subject to the prior approval of the commissioner, and upon the approval of the appropriate regulatory body in its domiciliary state either prior to or contingent upon the approval of the commissioner, a foreign mutual insurance company may reorganize by merging its policyholders' membership interests into a mutual insurance holding company established pursuant to R.S. 22:231 and continuing the corporate existence of the reorganizing foreign mutual insurance company as a foreign stock insurance company subsidiary of the mutual insurance holding company.
B. The commissioner, after a public hearing as provided in R.S. 22:691.4(E), may approve the proposed merger. The commissioner may retain consultants as provided in R.S. 22:691.4(E)(5). A merger pursuant to this Section is subject to R.S. 22:691.4(A), (B), (C), and (D). The reorganizing foreign mutual insurance company may remain a foreign company or foreign corporation after the merger and may be admitted to do business in this state.
C. A foreign mutual insurance company which is a party to the merger may at the same time redomesticate in this state by complying with the applicable requirements of this state and its state of domicile.
D. The provisions of R.S. 22:232.1(D) shall apply to a merger authorized pursuant to this Section.
Acts 1997, No. 1482, §1; Redesignated from R.S. 22:1004.3 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Redesignated from R.S. 22:697 by Acts 2012, No. 294, §3; Acts 2022, No. 161, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 22:232.3
What does Louisiana Civil Code § RS 22:232.3 cover?
Section RS 22:232.3 ("Merger of foreign mutual insurance company") 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 22:232.3?
A common citation format is "Louisiana Civil Code § RS 22:232.3" (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 22:232.3 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.