Art. 693.Insurer In Receivership

Article 693 works alongside Article 692 but focuses on insurance companies, which Louisiana regulates and places into receivership through their own specialized process. When a Louisiana court appoints a receiver for a domestic insurer, that receiver is the proper plaintiff to sue to enforce a right belonging to the insurer or the receiver. For a foreign or alien insurer — one domiciled in another state or country — a Louisiana court can appoint an ancillary receiver, and that ancillary receiver becomes the proper plaintiff for rights connected to Louisiana, unless other law provides otherwise.

The article defines receiver to sweep in several related roles that insurance regulation uses at different stages of financial distress: a liquidator winding down the insurer, a rehabilitator working to restore it to solvency, and a conservator managing it on a more limited, protective basis. Whichever title the court-appointed representative holds, Article 693 treats them the same way for purposes of deciding who may sue.