§ 10-18. Other insurance businesses

Every fire, marine and river insurance guaranty, surety or indemnity company, society, association, corporation or other organization or firm or individual doing business and conducting fire, marine or fire insurance, guaranty, workmen's compensation or employer's liability, property damage, livestock, tornado, automatic sprinkler, automobile, public liability, fidelity or any other insurance business whatsoever of any kind in the parish not otherwise provided for, whether such company, society, association, corporation or other organization or firm or individual is located or domiciled or operating in the parish through a branch department, resident board, local office, firm, company, corporation or agency of any kind whatsoever, shall pay a separate and distinct license on said business for each company represented, and said license shall be based on the gross amount of all premiums of all risks located within the parish and the gross annual premiums received through the office in the parish or risks located anywhere in the state and on risks located in other states or foreign countries on which no license has been paid, to wit:

(1) First class. When the gross receipts are not more than five hundred dollars ($500.00), the license shall be ten dollars ($10.00).

(2) Second class. When the gross receipts are more than five hundred dollars ($500.00) and not more than one thousand dollars ($1,000.00), the license shall be twenty dollars ($20.00).

(3) Third class. When the gross receipts are more than one thousand dollars ($1,000.00) and not more than one thousand five hundred dollars ($1,500.00) the license shall be thirty dollars ($30.00).

(4) Fourth class. When the gross receipts are more than one thousand five hundred dollars ($1,500.00) and not more than two thousand dollars ($2,000.00), the license shall be forty dollars ($40.00).

(5) Fifth class. When the gross receipts are more than two thousand dollars ($2,000.00) and not more than four thousand dollars ($4,000.00), the license shall be sixty dollars ($60.00).

(6) Sixth class. When the gross receipts are more than four thousand dollars ($4,000.00) and not more than six thousand dollars ($6,000.00), the license shall be eighty dollars ($80.00).

(7) Seventh class. When the gross receipts are more than six thousand dollars ($6,000.00) the additional license thereafter shall be seventy dollars ($70.00) for each ten thousand dollars ($10,000.00) or fraction thereof in excess of six thousand dollars ($6,000.00).

The maximum license of such business, payable by any company, society, business, association, corporation firm or individual, shall not exceed nine thousand dollars ($9,000.00). Provided that plate glass and steam boiler companies, societies, associations, corporations, firms or individuals shall pay only one-third of the above rates in this section, and provided further that the amount of the license payable under this section shall be one-third of the amount fixed if the taxpayer shall file a sworn statement with the annual report required by R.S. 22:1070 showing that at least one-sixth of the total remitted assets of the payer is invested and maintained in bonds of the state or of a municipality, school, road or levee district or other political subdivision or in mortgages on property located in this state, or in policy loans or other loans to residents of the state, or in corporations organized under the laws of the state and domiciled in this state, the value of which is entirely represented by real estate owned by said corporation of this state.

(Ord. of 9-.15-82, § II)

refstatelaw

Similar provisions, R.S. 22:1076(B).