Louisiana § RS 22:550.18 - Captive insurance company prohibited from joining or contributing to risk-sharing plan, risk pool, or insurance insolvency guaranty fund
Full text of Louisiana Louisiana Civil Code § RS 22:550.18 — Captive insurance company prohibited from joining or contributing to risk-sharing plan, risk pool, or insurance insolvency guaranty fund, with citation guidance and answers to common questions.
§ RS 22:550.18. Captive insurance company prohibited from joining or contributing to risk-sharing plan, risk pool, or insurance insolvency guaranty fund
A. A captive insurance company shall not join or contribute financially to any risk-sharing plan, risk pool, or insurance insolvency guaranty fund in this state. A captive insurance company or its insured, its parent or an affiliated company, or any member organization of its association shall not receive any benefit from such a plan, pool, or fund for claims arising out of the operations of the captive insurance company.
B. Any policy issued by an association captive insurance company shall contain in at least fourteen-point boldface capital letters on the front page and the declaration page, the following notice:
"NOTICE
THIS POLICY IS ISSUED BY A CAPTIVE INSURANCE COMPANY. YOUR CAPTIVE INSURANCE COMPANY MAY NOT BE SUBJECT TO ALL OF THE INSURANCE LAWS AND REGULATIONS OF YOUR STATE. STATE INSURANCE INSOLVENCY GUARANTY FUNDS ARE NOT AVAILABLE FOR YOUR CAPTIVE INSURANCE COMPANY."
Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3; Acts 2025, No. 313, §2.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 22:550.18
What does Louisiana Civil Code § RS 22:550.18 cover?
Section RS 22:550.18 ("Captive insurance company prohibited from joining or contributing to risk-sharing plan, risk pool, or insurance insolvency guaranty fund") 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 22:550.18?
A common citation format is "Louisiana Civil Code § RS 22:550.18" (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 22:550.18 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.