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A.  There is hereby re-created and continued the Louisiana Insurance Underwriting Plan.  All insurers authorized to write and engage in writing, within this state on a direct basis, property insurance shall participate in the plan.

B.  Every such insurer shall participate in the plan so long as the plan is in existence as a condition of its authority to continue to transact the business of insurance in this state.

Acts 2004, No. 761, §1, eff. July 6, 2004; Redesignated from La. Rev. Stat. 22:1441.2 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.