For a Uniform Certificate of Authority Corporate Amendment for merger of two or more foreign insurer the only state specific items are the payment of a $25.00 fee for recordation of the amendments to the articles of incorporation, merger agreement or other such instrument of the merger.
ELECTRONIC SUBMISSION OF APPLICATION
If the application is submitted electronically using the National Association of Insurance Commissioner Uniform Certificate of Authority electronic submission process or via email to email@example.com, the only “hard copy” filing requirements for the application would be for the payment of the recordation fee and the return of the original Certificate of Authority for any non-surviving insurer licensed in Louisiana. There is no need to submit any other portion of the application hard copy if a complete application is filed electronically. However, on all imaged documents that require notarization or certification, the notarization or certification seal must be clearly visible on the image.
Louisiana law (La. R.S. 22:340) requires that a foreign or alien insurer authorized to transact business in Louisiana who is party to a merger must file certified copies of the merger documents “forthwith” and La. R.S. 22:337 provides for penalties for any company which fails to file the documents within sixty days of the effective date of the merger.