2006 Louisiana Laws - RS 22:1062 — Life, accident, health, or service insurance

§1062.  Life, accident, health, or service insurance

A.  Upon the business of issuing life, accident, health, or service insurance policies, or other forms of contracts or obligations covering such risks, or issuing endowment policies on contracts, or other similar forms of contract obligations, the minimum annual license tax shall be one hundred forty dollars when the gross annual premiums are seven thousand dollars or less.  When the gross annual premiums are more than seven thousand dollars, the amount of license tax payable shall be increased to two hundred twenty-five dollars for each additional ten thousand dollars, or fraction thereof, of gross annual premiums.  The business of issuing each of the kinds of insurance or contracts mentioned in this Section may be combined under one license tax, and the amount of the license tax shall be based on the combined gross annual premiums of all such businesses.  

B.  For the year 1984 the amount of license tax payable pursuant to this Section shall be based on the rate in effect at the time the premiums were collected; that is, for 1984 the minimum annual license tax shall be one hundred forty dollars when the gross annual premiums are seven thousand dollars or less; when the gross annual premiums are more than seven thousand dollars, the amount of the license tax payable shall be increased to one hundred seventy dollars for each additional ten thousand dollars, or fraction thereof, of gross premiums collected prior to July 1, 1984 and shall be increased to two hundred twenty-five dollars for each additional ten thousand dollars, or fraction thereof, of gross premiums collected on or after July 1, 1984.  

Acts 1984, 1st Ex.  Sess., No. 3, §1, eff. March 27, 1984.  

{{NOTE:  SEE ACTS 1984, 1ST EX. SESS., NO. 3, §2.}}