Louisiana HB1187 regulates the allocation of emergency assessment funds by the Louisiana Citizens Property Insurance Corporation.
Louisiana HB1187 amends existing law to regulate the allocation of emergency assessment funds by the Louisiana Citizens Property Insurance Corporation. The bill allows the corporation to retain excess emergency assessment funds for future debts or to fund the Louisiana Fortify Homes Program. It mandates the corporation to transfer excess funds to the state treasurer for the Louisiana Fortify Homes Program Fund after all related bonds or indebtedness are settled.
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