Statutes, codes, and regulations
Louisiana Revised Statutes
REVISED STATUTESTitle 33 - MUNICIPALITIES AND PARISHESChapter 2 - LOCAL GOVERNMENTPart VII - INTERGOVERNMENTAL FUNCTIONS
Subpart B - JOINT SELF INSURANCE PROGRAMS BY LOCAL GOVERNMENTAL SUBDIVISIONS
Section 33:1346 - Minimum contributions before risk sharing

La. Stat. tit. 33 § 1346

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Current with operative changes from the 2024 Third Special Legislative Session
Section 33:1346 - Minimum contributions before risk sharing

A group self-insurance fund shall not function as a means of sharing among its members an interlocal risk management agency risk of loss until the interlocal risk management agency administering such fund shall have received:

(1) For public liability and workers' compensation:

Each fund shall have 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.

(2) For accident and health protection:

Each fund shall have an annual gross premium of not less than two hundred thousand dollars.

(3) For coverage for those risks defined in R.S. 22:47(3), (6), (7), and (10):

Each fund shall have an annual gross premium of not less than two hundred thousand dollars.

La. R.S. § 33:1346

Added by Acts 1979, No. 462, §1. Amended by Acts 1982, No. 454, §1; Acts 1983, 1st Ex.Sess., No. 1, §6; Acts 1991, No. 507, §1; Acts 2008, No. 415, §2, eff. 1/1/2009.