A self-insurance fund shall not function as a means of sharing risks of loss among the members of a risk management organization until the risk management organization administering the fund has received, for general liability, property coverage, and any other pooled line of coverage risks, an annual gross premium calculated in accordance with the applicable manual premium rate or rates, plus or minus applicable experience credits or debits, of not less than two hundred thousand dollars for each line of risk.
La. R.S. 33:5085
Minimum contributions before risk sharing
Known as the Landscape and Fishery Equipment and Agricultural Fairness Act
The act spans §§ 33–33 (38 sections).
Acts 2022, No. 686, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.