Surrender of License for Vehicle Mechanical Breakdown Insurers
If a vehicle mechanical breakdown insurer wishes to cease operations in Louisiana and surrender the license, the company may do so by submitting all of the following to the LDI.
- A written notice signed by an officer of the company indicating the desire to surrender the license
- The original license issued to the company by the LDI. If the original license cannot be located, the company must submit a fully completed Affidavit of Loss.
- An affidavit signed by two officers of the company affirming that the company currently has no contracts in force with Louisiana residents and currently has no liabilities and no pending suits arising from contracts issued in Louisiana.