Commissioner Donelon Urges Property Owners to Claim Citizens Rebate

December 1, 2010

Insurance Commissioner Jim Donelon is urging those who have had a property and casualty insurance policy on their property during the last four (4) years to claim the rebate for the Louisiana Citizens Assessment charged on their insurance policy. December 31, 2010 is the deadline to claim assessments paid for 2005 and 2006. Only 274,947 homeowners have claimed the 2006 rebate out of an estimated 1,656,000 households in Louisiana, or 16.6 percent of households.

Currently, almost $355 million or 63 percent of the total rebate amount available has not been claimed by individuals. “Claiming the rebate is simple,” said Commissioner Donelon. “Just fill out the Louisiana Department of Revenue tax form for the year in which you paid the Citizens Assessment and mail or fax it in with your insurance declaration page showing the assessment has been included in the insurance premium. The whole process doesn’t take more than ten minutes.”

There is a deadline fast approaching for individuals to claim the rebates. People and businesses have until December 31, 2010 to claim the Citizens Assessment paid in 2005 and 2006. This can be claimed by completing the Department of Revenue 2006 Form R-540INS. Assessments paid in 2007 can be claimed on a 2007 Form R-540INS by the end of 2011. Assessments paid in 2008 can be claimed on a 2008 Form R-540INS. This deadline is the end of 2012. Assessments paid in 2009 must be claimed by the end of 2013 on the 2009 Form R-540INS. Assessments paid in 2010 must be claimed by the end of 2014 on the 2010 Form R-540INS. Businesses should complete Form R-620INS for the appropriate year to claim the rebate.

A copy of the insurance policy declaration page showing proof of the assessment amount must be attached to the form. You can choose to claim the rebate as soon as you pay the insurance premium that includes the Citizens Assessment or when filing the State Tax Return due each May. Be sure not to claim the rebate on both the INS form

and the tax return since this will delay your refund. The Department of Revenue (LDR) reminds individuals not to claim the total insurance premium, only the Citizens Assessment. This will delay the refund as well. LDR recommends that those who pay the Citizens Assessment on more than one property to send in a single INS form for all properties each year rather than a separate INS form for each property. An R-INS Supplement form should be used for more than one property. Otherwise the second claim will automatically be delayed for review.

Below is a chart showing the unclaimed rebate amounts for each of the years it has been available:

Citizens Assessments Unclaimed as of October 1, 2010

*Incomplete data due to additional time to file available

The tax forms are available from the Department of Insurance home page at by clicking on the newsreel link, “Louisiana Citizens Insurance Tax Credit.”

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