RÉSUMÉ DIGEST
ACT 342 (HB 566) 2021 Regular Session Jordan
Existing 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.
Prior law required 100% of the proceeds collected to be credited to the state general fund.
New law decreases from 100% to 96% the amount of proceeds credited to the state general
fund. 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))