Louisiana Worker's Compensation, Amendment 4 (1999)

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Louisiana Amendment 4 (General) provides that the Louisiana Worker's Compensation Corporation may not be dissolved by repeal of its statutes or the passage of other legislation. It was on the November 7, 1999 election ballot in Louisiana where it passed, with 56% of voters in favor.

Election results

Amendment 4 (General)
ResultVotesPercentage
Approveda Yes 3349 56.34%
No259543.66%

Text of measure

The language that appeared on the ballot:

To provide that, once created and certain other conditions are met and the full faith and credit guarantee of the state is extinguished, the Louisiana Workers' Compensation Corporation may not be dissolved by repeal of its statutes or the passage of other legislation; to provide that the insurance commissioner or the policyholders shall have the exclusive authority to dissolve or otherwise terminate the corporation; to provide that the corporation shall not be sold or converted to a domestic stock insurer nor shall ownership or control be transferred after the extinguishment of the full faith and credit guarantee of the state; to provide that the corporation shall not be subject to legislation directed exclusively to the corporation which impairs its ability to provide a competitive market for workers' compensation insurance after the extinguishment of the full faith and credit guarantee of the state; and to provide that the provisions set forth herein shall become null if the corporation fails to maintain the required security. [Amends Article XII, Section 8.1(A)]

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