§ 12-56. Levied.

There is hereby levied an annual license tax on each domestic, foreign and alien insurer engaged in the business of issuing insurance policies, contracts or obligations, or issuing endowment or annuity policies 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, whether such insurer be operating in this parish through an agent or other representative or otherwise. Such license shall be based on the gross amount of annual premiums on all risks located in this parish in the case of insurance and endowment policies, contracts, or obligations. In case of annuity or similar contracts, or obligations, the license shall be based on the gross amount of annual premiums on such policies issued to persons located in this parish, without deduction in either case for dividends paid or credited to policyholders.

(Code 1976, § 10-47; Code 1985, § 13-41)

State law reference

Authorization of parochial license taxes on insurance business, R.S. 22:1076.