RS 22:2363: Cooperative endeavors; grants; regulations

A. The commissioner may implement the essential public purpose of this Chapter through public-private partnerships executed through cooperative endeavors with authorized insurers. Such endeavors may include matching capital fund grants under the provisions of this Chapter.

B. The commissioner may grant matching capital funds to qualified property insurers in accordance with the requirements of this Chapter from the fund. The commissioner shall promulgate rules and regulations in accordance with the Administrative Procedure Act, R.S. 49:950 et seq., governing the application process, award of grants, use of grant funds, reporting requirements, and other regulations to assure compliance with and to carry out the purposes of the program.