Proposed Rules

Written Comment Topic: Regulation 16 Investment by Insurers of Part of Premium Paid, Return Guaranteed

Deadline: January 22, 2019

Time: 4:30 P.M.

Address: Lynette Roberson, Louisiana Department of Insurance, Legal Division, P.O. Box 94214, Baton Rouge, LA 70804

Description of Accepted Action:  The purpose of Regulation 16 is to regulate insurance policies containing an investment feature whereby the insurer invests amounts paid by the policyholder in excess of the premium and guarantees the return of the excess to the policyholder or his or her beneficiary. This was a common type of insurance policy when the regulation was promulgated in 1958. These types of policies are no longer being issued by insurers. Regulation 16 is now obsolete.

Current Regulation: Regulation 16

Accepted Changes: N/A

Adopted Regulation: N/A

Effective Date: Upon Publication

Notice of Intent: Regulation 16 Notice