Posted January 17, 2025, Louisiana provides guidance via an Advisory Letter regarding “policy fees” being subject to premium tax. "Premium" means all sums charged, received, or deposited as consideration for the purchase or continuance of insurance for a stated term, and shall include any assessment, membership, policy, survey, inspection, service or similar fee or charge made by an insurer as a part of the consideration for the purchase or continuance of insurance. Please see the attachment for more information.

Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.