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 566 Original 2021 Regular Session Jordan
Abstract: Dedicates a portion of tax revenues collected on the gross premiums on certain surplus
lines of insurance.
Present law requires the Commissioner of Insurance to collect a tax equal to 4.85% of the gross
premium for each surplus line of insurance issued when La. is the home state of the policyholder.
Proposed law retains present law.
Present law requires 100% of the proceeds collected to be credited to the state general fund.
Proposed law decreases from 100% to 86% the amount of proceeds credited to the state general fund.
Proposed law further splits the remaining fourteen percent of collected revenues as follows: 6% is
to be credited to the Louisiana Fire Marshal Fund (R.S. 22:835) and 8% is to be credited to the Two
Percent Fire Insurance Fund (R.S. 22:347).
Effective July 1, 2021.
(Amends R.S. 22:439(A)(1))