Retaliatory Statement
Below are listed the statutory surplus and capital requirements and applicable taxes and fees for an insurance company to be admitted into the State of Louisiana. The capital and surplus figures are minimums only. The LDI may require an insurer to have and maintain a greater amount of captial and surplus based upon the type, volume and nature of the insurance business transacted.
Stock Corporation
Type of Business | Paid-in
Capital | Minimum Surplus | Operating
Surplus |
| Life | $100,000 | $1,900,000 | $1,000,000 |
| Health and accident | $100,000 | $1,900,000 | $1,000,000 |
| Life, health and accident | $100,000 | $1,900,000 | $1,000,000 |
| Vehicle | $650,000 | $1,350,000 | $1,000,000 |
| Liability | $650,000 | $1,350,000 | $1,000,000 |
| Worker’s compensation | $650,000 | $1,350,000 | $1,000,000 |
| Burglary and forgery | $650,000 | $1,350,000 | $1,000,000 |
| Fidelity | $650,000 | $1,350,000 | $1,000,000 |
| Title | $100,000 | $ 400,000 | $ 500,000 |
| Fire and allied lines | $650,000 | $1,350,000 | $1,000,000 |
| Steam boiler & sprinkler leakage | $650,000 | $1,350,000 | $1,000,000 |
| Crop | $650,000 | $1,350,000 | $1,000,000 |
| Marine and transportation | $650,000 | $1,350,000 | $1,000,000 |
| Miscellaneous | $650,000 | $1,350,000 | $1,000,000 |
| Homeowners’ insurance | $650,000 | $1,350,000 | $1,000,000 |
| Credit life, health and accident | $100,000 | $1,900,000 | $1,000,000 |
| Credit property and casualty | $650,000 | $1,350,000 | $1,000,000 |
| Annuity | $100,000 | $1,900,000 | $1,000,000 |
| Surety | $650,000 | $1,350,000 | $1,000,000 |
| Industrial fire | $200,000 | $ 800,000 | $1,000,000 |
| All insurance, except title & life | $650,000 | $1,350,000 | $1,000,000 |
Mutual Corporation
Type of Business | Initial Minimum Surplus | Operating
Surplus |
| Life | $2,000,000 | $1,000,000 |
| Health and accident | $2,000,000 | $1,000,000 |
| Life, health and accident | $2,000,000 | $1,000,000 |
| Vehicle | $2,000,000 | $1,000,000 |
| Liability | $2,000,000 | $1,000,000 |
| Worker’s compensation | $2,000,000 | $1,000,000 |
| Burglary and forgery | $2,000,000 | $1,000,000 |
| Fidelity | $2,000,000 | $1,000,000 |
| Title | $ 500,000 | $ 500,000 |
| Fire and allied lines | $2,000,000 | $1,000,000 |
| Steam boiler & sprinkler leakage | $2,000,000 | $1,000,000 |
| Crop | $2,000,000 | $1,000,000 |
| Marine and transportation (except hull) | $2,000,000 | $1,000,000 |
| Miscellaneous | $2,000,000 | $1,000,000 |
| Homeowners’ insurance | $2,000,000 | $1,000,000 |
| Credit life, health and accident | $2,000,000 | $1,000,000 |
| Credit property and casualty | $2,000,000 | $1,000,000 |
| Annuity | $2,000,000 | $1,000,000 |
| Surety | $2,000,000 | $1,000,000 |
| Industrial fire | $1,000,000 | $1,000,000 |
| All insurance, except title & life | $1,000,000 | $1,000,000 |
The following fees and taxes are charged upon the filing of an application for Certificate of Authority.
Certificate of Authority - $2,500 Recordation of Charter - $25
License Tax:
Property and Casualty - Minimum Tax is $185 if gross annual premium is less than $6,000. Otherwise, the tax is $185 plus $300 for each $10,000 or faction thereof over the first $6,000.
Life and Health – Minimum Tax is $140 if gross annual premium is less than $7,000. Otherwise, the tax is $140 plus $225 for each $10,000 or fraction thereof over the first $7,000.
Statutory Deposits are required as indicated below:
A safekeeping or trust receipt from a Louisiana bank or savings and loan association verifying that one hundred thousand dollars ($100,000) has been deposited in that institution and pledged to the Commissioner of Insurance of the State of Louisiana.
OR a Certificate of Deposit from the domiciliary state of the insurer indicating that a deposit of not less than $500,000 is held in that state for the benefit of all policyholders.