Current with operative changes from the 2024 Third Special Legislative Session
Section 22:2365 - Minimum capital requirementsA. 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.Amended by Acts 2022, No. 754,s. 1, eff. 8/1/2022.Acts 2007, No. 447, §1, eff. 7/11/2007; Redesignated from R.S. 22:3305 by Acts 2008, No. 415, §1, eff. 1/1/2009.