HLS 19RS-890 ORIGINAL
2019 Regular Session
HOUSE BILL NO. 361
BY REPRESENTATIVE JORDAN
TAX/INSURANCE PREMIUM: Provides for a premium tax on surplus lines coverage that
includes fire loss or damage
1 AN ACT
2To amend and reenact R.S. 22:345 and 835(A), relative to premium tax on insurance
3 coverage that includes fire loss or damage; to levy the two percent fire insurance
4 premium tax on surplus lines insurance coverage; to levy the fire marshal tax on
5 surplus lines insurance coverage; and to provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 22:345 and 835(A) are hereby amended and reenacted to read as
8follows:
9 §345. Tax on premiums
10 A foreign and alien insurer, including but not limited to surplus lines insurers,
11 other than a life insurer, shall, within sixty days after December thirty-first of each
12 year, pay to the commissioner of insurance a sum equal to two percent of the amount
13 of premiums received from any business which insures property of any nature or
14 description against loss or damage by fire shown by the insurer in the return required
15 by R.S. 22:343. If, however, the verified statement required of the insurer in R.S.
16 22:343 is filed subsequent to the time specified in that Section, the tax fixed in this
17 Section shall be paid within ninety days after the filing.
18 * * *
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 19RS-890 ORIGINAL
HB NO. 361
1 §835. Fire marshal tax; Louisiana Fire Marshal Fund
2 A. There is hereby levied an additional tax of one and one-fourth percent of
3 the gross annual premium receipts from any business, including but not limited to
4 surplus lines insurers, which insures property of any nature or description against
5 loss or damage by fire, less return premiums on all insurers doing business in the
6 state which insure property of any nature or description against loss or damage by
7 fire. This tax shall be paid by all such insurers to the commissioner of insurance
8 when paying their annual taxes under this Part, and the commissioner of insurance
9 shall refuse to issue a license to any insurer failing or refusing to pay this additional
10 tax.
11 * * *
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 361 Original 2019 Regular Session Jordan
Abstract: Levies the two percent fire insurance premium tax and the fire marshal tax on
surplus lines insurance coverage that includes fire loss or damage.
Present law requires a foreign and alien insurer, other than a life insurer, to pay to the
commissioner of insurance a tax equal to 2% of the amount of premiums received from any
business which insures property of any nature or description against loss or damage by fire
within 60 days after Dec. 31st of each year.
Proposed law retains present law and extends the applicability to surplus lines insurers.
Present law provides for a fire marshal tax of 1.25% percent of the gross annual premium
receipts from any business which insures property of any nature or description against loss
or damage by fire, less return premiums on all insurers doing business in the state which
insure property of any nature or description against loss or damage by fire.
Proposed law retains present law and extends the applicability to surplus lines insurers.
(Amends R.S. 22:345 and 835(A))
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.