Louisiana § RS 22:384 - Qualifications
Full text of Louisiana Louisiana Civil Code § RS 22:384 — Qualifications, with citation guidance and answers to common questions.
§ RS 22:384. Qualifications
The commissioner shall not license a property residual value insurer unless all of the following conditions are met:
(1) Applicant shall be solvent.
(2) Applicant shall furnish such proof as necessary to the commissioner that the directors and management of the company are competent and trustworthy and are capable of successfully managing its affairs in compliance with law.
(3) Applicant shall make the deposit or file such surety as required by R.S. 22:385.
(4) Applicant shall be in compliance with and continue to be in compliance with all applicable laws.
Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from R.S. 22:1903 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
Frequently Asked Questions About Louisiana § RS 22:384
What does Louisiana Civil Code § RS 22:384 cover?
Section RS 22:384 ("Qualifications") 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 22:384?
A common citation format is "Louisiana Civil Code § RS 22:384" (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 22:384 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.