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            Although a surplus lines insurer may apply for a grant, the insurer shall obtain a certificate of authority to do business in Louisiana before it may receive the grant funding. The commissioner may reallocate funds allocated to a surplus lines insurer if it does not apply on a timely basis, as specified in the regulations, or is not approved for a certificate of authority.

            Acts 2007, No. 447, §1, eff. July 11, 2007; Redesignated from La. Rev. Stat. 22:3307 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2022, No. 754, §1.