§ 22:2368 — Matching capital fund grants

§2368. Matching capital fund grants
A. The insurer shall make a commitment of capital of not less than two million
dollars to write property insurance in this state that complies with the requirements of R.S.
22:2369.
B. Matching capital fund grants authorized under this Chapter shall match the newly
allocated insurer capital funds at a ratio of one dollar of state capital grant funds to one dollar
of allocated insurer capital funds.

Legislative History

Acts 2007, No. 447, §1, eff. July 11, 2007; Redesignated from R.S. 22:3308 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2022, No. 754, §1.