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Home » Bulletins » Louisiana Commissioner Issues Advisory Letter on Policy Fees of Surplus Lines Policies

Louisiana Commissioner Issues Advisory Letter on Policy Fees of Surplus Lines Policies

LA| Louisiana Insurance Commissioner’s January 17, 2025, Advisory Letter 2025-01 provides guidance on the application of taxes on policy fees for surplus lines insurance policies.

The key points of the letter are:

  • All fees or charges for insurance or its procurement are considered premium and subject to premium tax, unless specifically exempted by statute.
  • The full and accurate dollar amount of the premium, including all fees and charges, must be disclosed on insurance quotes and policies.
  • Insurers and producers must clearly describe and itemize all fees and charges in both quotes and policies delivered to the insured.
  • The letter emphasizes that omitting any fees or charges from either the quote or the policy is prohibited, as these are independent requirements under Louisiana law.

Click here to see full Advisory Letter 2025-01

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