RS 22:2365
102 words·~1 min read·
/la/title-22/22-2051A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 22:2365
§2365. Minimum capital requirements
A. Grants shall be made only to insurers who satisfy minimum capital requirements as specified in the rules and regulations promulgated by the commissioner, which shall include capital and surplus exceeding ten million dollars, stable financial condition as shown by a satisfactory risk-based capital level, and an adequate risk-based reinsurance program.
B. In no event shall matching fund grants exceed twenty percent of an insurer's capital and surplus.
Acts 2007, No. 447, §1, eff. July 11, 2007; Redesignated from R.S. 22:3305 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2022, No. 754, §1.