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))