What is the current surplus lines tax rate in Louisiana?

The current surplus lines tax rate in Louisiana is 4.85%. This rate is specifically applied to surplus lines insurance, which is coverage that is not available in the admitted market and is instead placed with non-admitted insurers. The tax revenue generated from this rate goes toward various state programs, which is a critical aspect of how surplus lines are regulated within Louisiana.

Understanding the surplus lines tax rate is crucial for agents and brokers dealing with unique or specialized insurance needs that cannot be met by traditional insurers. This tax rate reflects the efforts of the state to maintain oversight and regulation of these types of insurance transactions. Each state has its own regulations and tax rates, so it is essential for those involved in surplus lines to stay informed about current rates in order to comply with state laws.