Louisiana § RS 22:485 - Additional authority; risk retention groups
Full text of Louisiana Louisiana Civil Code § RS 22:485 — Additional authority; risk retention groups, with citation guidance and answers to common questions.
§ RS 22:485. Additional authority; risk retention groups
The commissioner may refuse, suspend, or revoke the registration of a risk retention group whenever he shall find that such risk retention group meets any one of the following conditions:
(1) Is insolvent.
(2) Is in such condition that its further transaction of business in this state would be hazardous to the policyholders, creditors, or the public.
(3) Fails to pay any fees, taxes, or charges prescribed by this Title within sixty days after the same are due and payable.
(4) Has had its corporate existence dissolved or its certificate of authority revoked or suspended in the state in which it was organized.
(5) Refuses to remove or discharge an officer or director who has been convicted of any felony involving dishonesty or breach of trust, where the convicted person has not been granted a waiver under 18 USC 1033. The provisions of this Paragraph shall not apply to a risk retention group that is not domiciled in this state.
Acts 1995, No. 935, §1; Acts 2004, No. 376, §1; Redesignated from R.S. 22:2074.1 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
Frequently Asked Questions About Louisiana § RS 22:485
What does Louisiana Civil Code § RS 22:485 cover?
Section RS 22:485 ("Additional authority; risk retention groups") 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 22:485?
A common citation format is "Louisiana Civil Code § RS 22:485" (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 22:485 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.