§550.24. Rates

            A. Each captive insurance company shall file rates for property and casualty lines of insurance in accordance with Subpart O of Part IV of Chapter 4 of this Title, R.S. 22:1451 et seq., on an actuarially justified basis with the department and may use the rates forty-five days after filing, unless the department disapproves the use of rates within the forty-five-day period. For all other lines of insurance, captive insurance companies shall file rates on an actuarially justified basis with the department and may use the rates within the forty-five-day period.

            B. A captive insurance company shall not be required to join a rating organization.

            Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3; Acts 2025, No. 313, §2.