{
  "urn": "urn:us-la:rs:22:165",
  "title_number": "22",
  "section_number": "165",
  "citation": "R.S. 22:165",
  "heading": "Minimum application and surplus requirements",
  "text": "A. A domestic reciprocal insurer, if it has otherwise complied with the provisions of this Code, may be authorized to exchange contracts of insurance in this state upon qualifying therefor and by having initial minimum assets as follows:\n\nInitial\n\nMinimum\n\nInsurance Surplus\n\n(1) Health and accident $ 300,000\n\n(2) Vehicle 1,000,000\n\n(3) Liability 1,000,000\n\n(4) Workers' compensation\n\n(a) Any company organized and authorized to\n\ntransact workers' compensation only on or\n\nbefore July 27, 1966 150,000\n\n(b) Any company organized and authorized to\n\ntransact workers' compensation only after\n\nJuly 27, 1966 1,000,000\n\n(5) Burglary and forgery 1,000,000\n\n(6) Fidelity 1,000,000\n\n(7) Title 75,000\n\n(8) Fire and allied lines 1,000,000\n\n(9) Steam boiler and sprinkler damage 1,000,000\n\n(10) Crop\n\n(a) Any company organized and authorized to\n\ntransact crop insurance only on or before\n\nJuly 27, 1966 250,000\n\n(b) Any company organized and authorized to\n\ntransact crop insurance only after\n\nJuly 27, 1966 1,000,000\n\n(11) Marine and transportation 1,000,000\n\n(12) Miscellaneous 1,000,000\n\n(13) Homeowners' insurance 1,000,000\n\n(14) Credit health and accident insurance 300,000\n\n(15) Credit property and casualty insurance 1,000,000\n\n(16) Surety 1,000,000\n\n(17) Industrial fire 300,000\n\n(18) All insurances, except life and title 1,000,000\n\nB. Domestic reciprocal insurers authorized to transact homeowners' insurance or fire and allied lines after August 1, 1967, shall have initial minimum surplus in the amount of five million dollars on or after December 31, 2026, and ten million dollars on or after December 31, 2031.\n\nC. Domestic reciprocal insurers who apply for a certificate of authority on or after September 1, 2022, that includes the lines of homeowners' insurance or fire and allied lines shall have initial minimum surplus in the amount of ten million dollars.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "22",
      "name": "INSURANCE CODE"
    },
    {
      "level": "chapter",
      "number": "2",
      "name": "REQUIREMENTS FOR INSURERS AND OTHER RISK BEARING ENTITIES"
    },
    {
      "level": "part",
      "number": "I",
      "name": "KINDS OF INSURERS"
    },
    {
      "level": "subpart",
      "number": "F",
      "name": "RECIPROCAL INSURERS"
    }
  ],
  "breadcrumb": "Title 22 › Chapter 2 › Part I › Subpart F",
  "acts_citations": [
    {
      "act_year": 1958,
      "act_number": 125,
      "section": null,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    },
    {
      "act_year": 1958,
      "act_number": 102,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    },
    {
      "act_year": 1962,
      "act_number": 50,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    },
    {
      "act_year": 1966,
      "act_number": 72,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    },
    {
      "act_year": 1983,
      "act_number": 1,
      "section": 6,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    },
    {
      "act_year": 2009,
      "act_number": 326,
      "section": 1,
      "effective_date": "2010-01-01",
      "effective_date_raw": "Jan. 1, 2010",
      "role": "amendment"
    },
    {
      "act_year": 2009,
      "act_number": 503,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    },
    {
      "act_year": 2022,
      "act_number": 60,
      "section": 1,
      "effective_date": "2023-01-01",
      "effective_date_raw": "Jan. 1, 2023",
      "role": "amendment"
    },
    {
      "act_year": 2022,
      "act_number": 69,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1958, No. 125. Amended by Acts 1958, No. 102, §1; Acts 1962, No. 50, §1; Acts 1966, No. 72, §1; Acts 1983, 1st Ex.Sess., No. 1, §6; Redesignated from R.S. 22:435 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 326, §1, eff. Jan. 1, 2010; Acts 2009, No. 503, §1; Acts 2022, No. 60, §1, eff. Jan. 1, 2023; Acts 2022, No. 69, §1. NOTE: Former R.S. 22:165 redesignated as R.S. 22:755 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=506341",
  "website_law_id": 506341,
  "scrape_timestamp": "2026-05-22T22:11:37Z",
  "source_html_hash": "sha256:9bcd70463c694e4011df526936cc148e389cbbef9b9d4b47005f04c171e94cb9",
  "schema_version": "1.0.0"
}