{"data":{"id":"us-la/rs-22-111","jurisdiction":"us-la","citation":"RS 22:111","heading":"Surplus requirements; applicants prior to September 1, 1989","body":"A. Domestic mutual insurers who apply for a certificate of authority prior to September 1, 1989, may transact the following kinds of insurance in this state upon qualifying therefor and by having an initial minimum surplus represented by assets as follows:\nInitial\nMinimum\nInsurance\tSurplus\n(1) Life\t$ 300,000\n(2) Health and accident\t300,000\n(1) and (2) above\t300,000\n(3) Vehicle\t1,000,000\n(4) Liability\t1,000,000\n(5) Workers' compensation\n(a) Any company organized and authorized to\ntransact workers' compensation only on or\nbefore July 27, 1966\t150,000\n(b) Any company organized and authorized to\ntransact workers' compensation only after\nJuly 27, 1966\t1,000,000\n(6) Burglary and forgery\t1,000,000\n(7) Fidelity\t1,000,000\n(8) Title\t75,000\n(9) Fire and allied lines\t1,000,000\n(10) Steam boiler and sprinkler leakage\t1,000,000\n(11) Crop\n(a) Any company organized and authorized to\ntransact crop insurance only on or before\nJuly 27, 1966\t250,000\n(b) Any company organized and authorized to\ntransact crop insurance only after\nJuly 27, 1966\t1,000,000\n(12) Marine and transportation (except hull)\t1,000,000\n(13) Miscellaneous\t1,000,000\n(14) Homeowners' insurance\t1,000,000\n(15) Credit life, health, and accident insurance\t300,000\n(16) Credit property and casualty insurance\t1,000,000\n(17) Annuity\t300,000\n(18) Surety\t1,000,000\n(19) Industrial fire\t300,000\n(20) All insurances, except life and title\t1,000,000\nB. Authority shall be granted mutual insurers upon compliance with all applicable requirements to transact combinations of kinds of insurance except as follows:\n(1) An insurer authorized to transact life insurance shall not be authorized to transact any additional kind of insurance other than:\n(a) Health and accident insurance.\n(b) Annuity.\n(c) Credit life, health, and accident insurance.\n(2) An insurer authorized to transact title insurance shall not be authorized to transact any additional kind of insurance.\nC. Domestic mutual insurers who apply for a certificate of authority on or after September 1, 1989, shall meet the initial minimum surplus and operating surplus requirements and other requirements of R.S. 22:112.\nD. Domestic mutual insurers authorized to transact homeowners' insurance or fire and allied lines prior to September 1, 1989, shall have initial minimum surplus and operating surplus in the amount of five million dollars on or after December 31, 2026, and ten million dollars on or after December 31, 2031.","path":["SUBPART C-1. PHARMACY BENEFIT MANAGERS§1863. Definitions","SUBPART C. DOMESTIC MUTUAL INSURERS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=506288","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:53:54Z","sha256":"e32607234ffcf94613f8ea2d32330b48c1e37d57cd8e7be15630fb5402d0a6e4","source_id":"us-la","stale":false,"prev":"us-la/rs-22-96","next":"us-la/rs-22-112"},"notice":"GroundRules: Original legal text. Not legal advice."}