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La. R.S. 22:2368

Matching capital fund grants

Acts 2007, No. 447, §1, eff

A. The insurer shall make a commitment of capital of not less than two million dollars to write property insurance in this state that complies with the requirements of R.S. 22:2369.

B. Matching capital fund grants authorized under this Chapter shall match the newly allocated insurer capital funds at a ratio of one dollar of state capital grant funds to one dollar of allocated insurer capital funds.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.