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Information on Incorporation of
Louisiana Domiciled Insurers

A Louisiana domiciled insurance company must be incorporated pursuant to and the Articles of Incorporation must be compliant with the provisions of La. R.S. 22:62.

Once the Articles of Incorporation are properly prepared, the document must be submitted to the Louisiana Department of Insurance (LDI) for approval. The LDI encourages review and discussion of the proposed Articles of Incorporation prior to the official and final submission for approval. The documents submitted to the LDI for final approval may be executed or unexecuted.

If the LDI finds the Articles of Incorporation are compliant with the applicable laws, the document will be approved for recordation and returned to the submitter for recordation in the office of the recorder of mortgages (generally the Clerk of Court) in the parish of domicile of the corporation.

Once the Articles of Incorporation are properly recorded with the recorder of mortgages in the parish of domicile, the company exists as a corporation and may open bank accounts and otherwise carry on business as a corporation but may not transact the business of insurance until such time as it is granted a Certificate of Authority by the LDI.

The Articles of Incorporation for an insurer are not filed with the Louisiana Secretary of State.

Once the document is recorded in the office of the recorder of mortgages in the parish of domicile, the filer must obtain two copies of the document certified by that office and submit both certified documents to the LDI along with a fee of $25.00. The LDI will then record the Articles of Incorporation and the date and time of the beginning of the corporate existence of the entity which shall be the date and time on which the Articles of Incorporation were recorded in the parish of domicile.