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)]
CONFERENCE COMMITTEE REP ORT DIGEST
HB 566 2021 Regular Session Jordan
Keyword and oneliner of the instrument as it left the House
FUNDS/FUNDING: Dedicates a portion of the taxes collected on certain surplus lines of insurance
Report adopts Senate amendments to:
1. Reduce the amount of certain tax revenues dedicated to the La. Fire Marshal Fund from 6%
of total collections to 4% of total collections.
2. Delete dedication of revenues to the Two Percent Fire Insurance Fund.
Report rejects Senate amendments which would have:
1. Changed the effective date of proposed law from July 1, 2021, to July 1, 2022.
Digest of the bill as proposed by the Conference Committee
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 96% the amount of proceeds credited to the state general fund.
Proposed law further dedicates the remaining four percent of collected revenues to the La. Fire
Marshal Fund (R.S. 22:835).
Effective July 1, 2021.
(Amends R.S. 22:439(A)(1))