Tax Rate
4.85%
Filing Frequency
Within 30 days of transaction
Tax payment within 30 days of transaction (10% penalty if late). Annual insurer report due April 15. Annual examination fee $1,050 due March 1.
Filing Method
portal
Format: Electronic via Industry Access Portal - Forms 1262.1 and 1265B
Requirements
Louisiana requires surplus lines brokers to pay 4.85% tax within 30 days of transaction via Form 1265B through Industry Access Portal. Tax must be separately itemized on policy declaration page. Policy notice (La. Rev. Stat. Ann. § 22:433) required in red or with black border, signed by broker. No diligent search requirement. Foreign insurers: $15M capital/surplus. Alien insurers: trust fund requirements and NAIC listing. Annual insurer report (Form 1262.1) due April 15. Annual examination fee $1,050 due March 1.
Filing Steps
- 1Register for Industry Access Portal at https://ia.ldi.state.la.us/IndustryAccess/
- 2File Form 1265B within 30 days of each transaction to avoid 10% penalty
- 3Attach copy of policy declaration page to Form 1265B filing
- 4Ensure policy notice meets La. Rev. Stat. Ann. § 22:433 requirements (red text OR black border)
- 5Policy notice must be signed by licensed Louisiana surplus lines broker
- 6Separately itemize surplus lines tax on policy declaration page per La. Rev. Stat. Ann. § 22:855
- 7Verify insurer appears on Louisiana eligible insurer list before placement
- 8For self-procurement, insured must file Form 1265B and pay tax within 30 days
Required Forms
- Form 1265B - Direct Placement Tax Report (brokers)
- Form 1262.1 - Producer Production Report (insurers)
- Policy notice per La. Rev. Stat. Ann. § 22:433
- Policy declaration page with itemized tax
- Annual Statement/Report (insurers)
- Application and Interrogatories (insurers)
Common Issues to Avoid
- Missing or improperly formatted policy notice (must be red OR have black border)
- Policy notice not signed by surplus lines broker
- Tax not separately itemized on policy declaration page
- Late filing (beyond 30 days) resulting in 10% penalty
- Placing coverage with insurer not on Louisiana eligible list
- Forgetting to attach policy declaration page to Form 1265B
- Confusion about no diligent search requirement
- Missing annual examination fee payment by March 1 (insurers)
- Incorrect spreadsheet format for Form 1262.1 producer production report
Helpful Tips
- Create policy notice stamp template meeting La. Rev. Stat. Ann. § 22:433 requirements
- Use red ink for policy notices to ensure compliance without black border
- Set up 25-day reminder after each transaction to ensure 30-day filing deadline met
- Keep copy of Louisiana eligible insurer list for quick reference
- Pre-populate Form 1265B template to streamline transaction filing
- Remember: no diligent search required - simplifies placement process
- Industry Access Portal allows electronic filing - register early
- Annual insurer deadlines: March 1 ($1,050 fee), April 15 (Form 1262.1)
- Spreadsheet format for producer production report must follow specific structure (Tables A & B)
Important Notes
Tax Rate: 4.85% (payable by producer). No stamping fee. Transaction-based filing within 30 days (10% penalty if late). No diligent search requirement - placement without regard to admitted insurer availability. NRRA commercial purchaser exemption applies.
Eligible insurer list maintained.
Has Surplus Lines Association (brokers only).
Allows domestic surplus lines insurers and health/accident coverage.
Specific policy notice requirements (red text or black border).
Tax must be itemized on declaration page.
Frequently Asked Questions
What is the surplus lines tax rate in Louisiana?
The surplus lines tax rate in Louisiana is 4.85%.
When is surplus lines tax due in Louisiana?
Tax payment within 30 days of transaction (10% penalty if late). Annual insurer report due April 15. Annual examination fee $1,050 due March 1.
How do I submit surplus lines filings in Louisiana?
portal