---
urn: urn:us-la:rs:22:165
citation: "R.S. 22:165"
status: active
breadcrumb: "Title 22 › Chapter 2 › Part I › Subpart F"
acts_citations:
  - { year: 1958, number: 125, section: None, effective_date: null, role: enactment }
  - { year: 1958, number: 102, section: 1, effective_date: null, role: amendment }
  - { year: 1962, number: 50, section: 1, effective_date: null, role: amendment }
  - { year: 1966, number: 72, section: 1, effective_date: null, role: amendment }
  - { year: 1983, number: 1, section: 6, effective_date: null, role: amendment }
  - { year: 2009, number: 326, section: 1, effective_date: 2010-01-01, role: amendment }
  - { year: 2009, number: 503, section: 1, effective_date: null, role: amendment }
  - { year: 2022, number: 60, section: 1, effective_date: 2023-01-01, role: amendment }
  - { year: 2022, number: 69, section: 1, effective_date: null, role: amendment }
---

# Minimum application and surplus requirements

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:

Initial

Minimum

Insurance Surplus

(1) Health and accident $ 300,000

(2) Vehicle 1,000,000

(3) Liability 1,000,000

(4) Workers' compensation

(a) Any company organized and authorized to

transact workers' compensation only on or

before July 27, 1966 150,000

(b) Any company organized and authorized to

transact workers' compensation only after

July 27, 1966 1,000,000

(5) Burglary and forgery 1,000,000

(6) Fidelity 1,000,000

(7) Title 75,000

(8) Fire and allied lines 1,000,000

(9) Steam boiler and sprinkler damage 1,000,000

(10) Crop

(a) Any company organized and authorized to

transact crop insurance only on or before

July 27, 1966 250,000

(b) Any company organized and authorized to

transact crop insurance only after

July 27, 1966 1,000,000

(11) Marine and transportation 1,000,000

(12) Miscellaneous 1,000,000

(13) Homeowners' insurance 1,000,000

(14) Credit health and accident insurance 300,000

(15) Credit property and casualty insurance 1,000,000

(16) Surety 1,000,000

(17) Industrial fire 300,000

(18) All insurances, except life and title 1,000,000

B. 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.

C. 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.