§1403.  Policy programs

A.  There is established within the corporation a preferred risk policy program, hereinafter referred to as the PRP program and an accepted risk program, hereinafter referred to as the ARP program.

B.  The corporation shall keep a separate accounting of all costs and revenues associated with the ARP program and the PRP program.  The corporation shall issue separate rating plans for the ARP program and the PRP program according to R.S. 23:1411.

C.  To participate in the PRP program, the applicant shall satisfy the definition of preferred risk as stated in R.S. 23:1392.

D.  To participate in the ARP program the applicant shall satisfy the definition of accepted risk as stated in R.S. 23:1392.

E.  After the PRP program has been operating at least twelve months, the board may expand the eligibility of the PRP program.

Acts 1991, No. 814, §1, eff. Nov.  20, 1991.