LA HB936

Creates the Louisiana Captive Insurance Act authorizing six types of captive insurers: pure captive, association captive, group captive, sponsored captive, protected cell companies, and branch captive insurers

Establishes minimum capital and surplus requirements ranging from $500,000 for pure captives to $1 million for association and group captives, with protected cell companies requiring $250,000 for the core account plus $100,000 per cell

Sets licensing fees of $2,500 for pure captives, $5,000 for association/group/sponsored captives, and $7,500 for protected cell companies, with annual renewal fees at the same rates

Imposes a tiered annual premium tax on direct premiums: 0.4% on the first $20 million, decreasing to 0.1% on premiums exceeding $60 million, with a $5,000 minimum

Creates a Louisiana Captive Insurance Development Fund and a 12-member Captive Insurance Advisory Committee to develop the state's captive insurance market and provide technical assistance to small businesses and trade associations