What is the LA stamping fee associated with surplus lines insurance?

In Louisiana, the stamping fee associated with surplus lines insurance is indeed none, which means that there are no specific fees charged to stamp surplus lines policies. This contrasts with some other states that do impose fees for surplus lines.

Surplus lines insurance is typically used for risks that are not available in the admitted market, and the state regulates the surplus lines market to ensure that insurers meet certain criteria, but they do not collect a stamping fee for these types of policies. The absence of a stamping fee can facilitate the placement of surplus lines business by lowering transaction costs for producers and their clients, making it easier to find coverage for unique or high-risk scenarios.

Understanding the fee structure is critical for both agents and insureds as it can affect the overall cost of obtaining insurance coverage in specialized situations where standard options are inadequate.