2006 Louisiana Laws - RS 22:294 — Capital requirements

§294.  Capital requirements

All domestic insurers qualifying to write service insurance only shall in lieu of the capital requirements of R.S. 22:71 or the minimum surplus requirements of R.S. 22:121 and 22:122, have a paid-in capital of ten thousand dollars and a minimum surplus of five thousand dollars, if a stock insurer, or a minimum surplus of fifteen thousand dollars, if a mutual insurer, before beginning business.  All service insurers authorized as of 12:00 noon on July 27, 1960 may continue to operate without meeting the increased capital and surplus requirements.  

Acts 1958, No. 125.  Amended by Acts 1960, No. 174, §1.