---
urn: urn:us-la:rs:22:144
citation: "R.S. 22:144"
status: active
breadcrumb: "Title 22 › Chapter 2 › Part I › Subpart E"
acts_citations:
  - { year: 1958, number: 125, section: None, effective_date: null, role: enactment }
  - { year: 1960, number: 150, section: 1, effective_date: null, role: amendment }
---

# Capital requirements

All domestic insurers organized after 12:00 noon on July 27, 1960, qualifying to write industrial life insurance only, shall, in lieu of the capital requirements of R.S. 22:81, or the minimum surplus requirements of R.S. 22:111 and 22:114, have a paid-in capital of thirty thousand dollars, and a minimum surplus of thirty thousand dollars, if a stock insurer, or a minimum surplus of sixty thousand dollars, if a mutual insurer, before beginning business.