Usufruct
R.S. 22:2365

Minimum capital requirements ACTIVE

A. 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.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 2007, No. 447, §1, eff. July 11, 2007
  • amendment Acts 2022, No. 754, §1

Section navigation

Cite R.S. 22:2365

Bluebook
La. Rev. Stat. Ann. § 22:2365 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-2365
BibTeX
@misc{larevstat-22-2365,
  title        = {La. Rev. Stat. Ann. § 22:2365},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-2365},
  note         = {Snapshot 2026-05-22}
}