Louisiana § RS 22:165 - Minimum application and surplus requirements
Full text of Louisiana Louisiana Civil Code § RS 22:165 — Minimum application and surplus requirements, with citation guidance and answers to common questions.
§ RS 22:165. Minimum application and surplus requirements
A. A domestic reciprocal insurer, if it has otherwise complied with the provisions of this Code, may be authorized to exchange contracts of insurance in this state upon qualifying therefor and by having initial minimum assets as follows:
Initial
Minimum
Insurance Surplus
(1) Health and accident $ 300,000
(2) Vehicle 1,000,000
(3) Liability 1,000,000
(4) Workers' compensation
(a) Any company organized and authorized to
transact workers' compensation only on or
before July 27, 1966 150,000
(b) Any company organized and authorized to
transact workers' compensation only after
July 27, 1966 1,000,000
(5) Burglary and forgery 1,000,000
(6) Fidelity 1,000,000
(7) Title 75,000
(8) Fire and allied lines 1,000,000
(9) Steam boiler and sprinkler damage 1,000,000
(10) Crop
(a) Any company organized and authorized to
transact crop insurance only on or before
July 27, 1966 250,000
(b) Any company organized and authorized to
transact crop insurance only after
July 27, 1966 1,000,000
(11) Marine and transportation 1,000,000
(12) Miscellaneous 1,000,000
(13) Homeowners' insurance 1,000,000
(14) Credit health and accident insurance 300,000
(15) Credit property and casualty insurance 1,000,000
(16) Surety 1,000,000
(17) Industrial fire 300,000
(18) All insurances, except life and title 1,000,000
B. Domestic reciprocal insurers authorized to transact homeowners' insurance or fire and allied lines after August 1, 1967, shall have initial minimum surplus in the amount of five million dollars on or after December 31, 2026, and ten million dollars on or after December 31, 2031.
C. Domestic reciprocal insurers who apply for a certificate of authority on or after September 1, 2022, that includes the lines of homeowners' insurance or fire and allied lines shall have initial minimum surplus in the amount of ten million dollars.
Acts 1958, No. 125. Amended by Acts 1958, No. 102, §1; Acts 1962, No. 50, §1; Acts 1966, No. 72, §1; Acts 1983, 1st Ex.Sess., No. 1, §6; Redesignated from R.S. 22:435 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 326, §1, eff. Jan. 1, 2010; Acts 2009, No. 503, §1; Acts 2022, No. 60, §1, eff. Jan. 1, 2023; Acts 2022, No. 69, §1.
NOTE: Former R.S. 22:165 redesignated as R.S. 22:755 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 22:165
What does Louisiana Civil Code § RS 22:165 cover?
Section RS 22:165 ("Minimum application and surplus requirements") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 22:165?
A common citation format is "Louisiana Civil Code § RS 22:165" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 22:165 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.