§ 22:2365 — Minimum capital requirements

§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.

Legislative History

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.