§ 11-110. Levy of annual license tax.

There is hereby levied and imposed an annual license tax on any company, society, association, corporation, firm, or individual engaged in the business of issuing any form of insurance policy or contract in the parish which may now or hereafter be subject to the payment of any license tax for state purposes, as provided in this section, as follows:

(1)

For each company, society, association, corporation, firm, or individual engaged in the business of issuing life, accident, or health insurance policies; other forms of contracts or obligations covering such risks; issuing endowment or annuity policies; contracts or other similar forms of contract obligations in consideration of the payment of a premium; or other consideration for the issuance of such policies, contracts, or obligations in the parish, whether such insurance company, society, association, corporation, firm, or individual is domiciled in the parish or operating here through an agent or representative, or otherwise, the annual license tax shall be $10.00 on gross annual premiums up to $2,000.00, and the additional license thereafter shall be $70.00 on each $10,000.00, or fraction thereof, of gross annual premiums in excess of $2,000.00.

(2)

For each company, society, association, corporation, firm, or individual engaged in the business of issuing policies, contracts, or other forms of obligations covering the risk of fire, marine, transportation, surety, fidelity, indemnity, guaranty, workmen's compensation, employer's liability, property damage, livestock, vehicle, automatic sprinkler, burglary, or insurance business of any kind whatever in the parish, whether such insurance company, society, association, corporation, firm, or individual is domiciled in the parish or operating here through agents or representatives, or otherwise, the license shall be fixed and graded as follows:

a.

First class. When the gross receipts are not more than $2,000.00, the license shall be as follows:

1.

For receipts of zero to $500.00, a license shall be $10.00;

2.

For receipts of $501.00 to $1,000.00, a license shall be $20.00;

3.

For receipts of $1,001.00 to $1,500.00, a license shall be $30.00;

4.

For receipts of $1,501.00 to $2,000.00, a license shall be $40.00.

b.

Second class. When the gross receipts are more than $2,000.00 and not more than $4,000.00, the license shall be $60.00.

c.

Third class. When the gross receipts are more than $4,000.00 and not more than $6,000.00, the license shall be $80.00.

d.

Fourth class. When the gross receipts exceed $6,000.00, the additional license thereafter shall not be more than $70.00 for each $10,000.00, or fraction thereof, in excess of $6,000.00.

The minimum license tax on such business, payable to the parish by any insurer, shall not exceed $9,000.00, and provided that any plate glass and steam boiler inspection company, society, association, corporation, firm, or individual shall pay only one-third of the rates provided in subsection (2) of this section.

(Code 1969, § 12-16)

State law reference

Authority, R.S. 22:1076.