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All participants in the plan shall cede one hundred percent of the essential property insurance written pursuant to and on terms and conditions set forth in the plan.

Acts 2004, No. 761, §1, eff. July 6, 2004; Redesignated from La. Rev. Stat. 22:1441.22 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.