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 Engrossed 2019 Regular Session Jordan
Abstract: Provides for the disposition of the avails of the tax collected on the gross premium for
certain surplus lines of insurance.
Present law requires a tax of 4.85% of the gross premium for all surplus lines of insurance when La.
is the home state of the policy holder and requires the avails of the tax to be credited to the state
general fund.
Proposed law changes present law by requiring the avails of the tax to be credited to the following
funds:
1. 3.85% of the tax to the state general fund.
2. .6% of the tax to the Fire Marshal Fund.
3. .4% of the tax to the Two Percent Fire Insurance Fund.
(Amends R.S. 22:439(A)(1))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the original
bill:
1. Remove the 2% fire insurance premium tax and the fire marshal tax on surplus lines
insurance coverage that includes fire loss or damage from proposed law.
2. Change the disposition of the avails of the surplus line insurance tax from deposit into
the state general fund to 3.85% of the avails of the tax to be deposited into the state
general fund, .6% of the avails of the tax to be deposited into the Fire Marshal Fund, and
.4% of the avails of the tax be deposited into the Two Percent Fire Insurance Fund.
3. Make technical changes.