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Louisiana policy documentation for virtual-currency businesses

Louisiana’s Virtual Currency Business Activity law requires an applicant to submit certificates for liability, casualty, business-interruption and cybersecurity policies it actually maintains for itself and specified related persons in connection with virtual-currency activity. It is a disclosure requirement, not a command to buy every policy. Separately, a licensee holding resident assets must meet statutory same-type-and-amount and anti-commingling rules. 1,2

What Is Digital Assets?

Digital-asset coverage may address custody, theft and business-liability risks, but a custodian’s policy may protect the custodian rather than you. If you hold or safeguard assets, verify the insured entity, wallets, key-loss protection and valuation. Read the national Digital assets guide.

Louisiana Requirements

RequirementDetails
Inventory existing policy certificatesFor an application under the virtual-currency business activity law, identify and provide certificates for liability, casualty, business-interruption and cybersecurity policies actually maintained for the applicant or specified responsible affiliates, agents and control persons with respect to the activity. 1
Reconcile customer assets separatelyA licensee storing, holding or controlling virtual currency for a Louisiana resident must hold the same type and amount and may not sell, transfer, lend, pledge, encumber or commingle it except as the statute permits or directs. 2

What to Watch for in Louisiana

  • The application asks what you already maintain

    Section 6:1385 requests certificates for policies actually maintained. It does not require an applicant to purchase every listed policy or guarantee the policy is adequate. 1

  • Match the certificate to the application parties

    The statutory list includes specified affiliates, agents and responsible individuals in connection with the business activity. Coordinate the named insureds and policy schedule with the actual applicant structure. 1

  • Asset segregation does not expand policy coverage

    Section 6:1386.2 sets custody and anti-commingling duties. Those legal safeguards do not establish that an insurer covers shortages, theft or key loss. 2,4,5

Who Regulates Insurance in Louisiana

Louisiana Department of Insurance

The Louisiana Department of Insurance licenses producers and insurers, reviews insurance filings, and investigates complaints about insurance companies and agents. You can use its state lookup or complaint service to check a license or raise an insurance issue. 6,7,8

Surplus-lines tax and stamping office

Reported tax rate: 4.85% of gross premium plus a 0.175% SLIP+ transaction fee for policies effective on or after July 1, 2026 For Louisiana-home-state policies effective on or after July 1, 2026, the state charges 4.85% of gross premium plus a 0.175% SLIP+ transaction fee, which your broker may add to your bill. Louisiana's required policy disclosure says these policies are not covered by the Louisiana Insurance Guaranty Association; state placement and filing rules still apply. 9,10

Providers With Documented State Licenses

No provider in Spot’s research documents both a state license record and this coverage line. This does not establish that providers are unlicensed. Check the regulator’s license lookup and confirm availability with a provider when requesting a quote.

Questions to Ask Before You Buy in Louisiana

  1. Which Louisiana entity is the license applicant, and which affiliates, agents or control persons have certificates relevant to the activity?
  2. Do the certificates and underlying schedules identify the actual entity, virtual-currency service and assets being represented?
  3. Can you reconcile the customer assets under the statute to the wallets, keys and sub-custodians described to the insurer?
  4. Ask whether the actual policy addresses external theft, internal misuse, lost keys and customer liability; the application certificate requirement is not a claim decision.

Digital Assets in Louisiana: FAQ

Does Louisiana require every virtual-currency applicant to buy all four listed policies? 1,3

Section 6:1385 calls for certificates for liability, casualty, business-interruption and cybersecurity policies actually maintained. It is a disclosure requirement, not text requiring purchase of each policy. 1,3

Do Louisiana’s same-type asset rules mean a customer’s assets are insured? 2,4

No. Section 6:1386.2 imposes custody and segregation duties on a licensee. Whether an insurance contract responds depends on its actual terms. 2,4

Digital Assets in Other States

Other Coverage in Louisiana

Sources

  1. Louisiana Revised Statutes §6:1385, Virtual currency business activity license application. Louisiana Legislature; Current statute, application materials; certificates for maintained liability, casualty, business-interruption and cybersecurity policies; not a purchase mandate. Accessed 2026-09-28.
  2. Louisiana Revised Statutes §6:1386.2, Control of virtual currency. Louisiana Legislature; Current statute; resident assets held by licensee, same-type/amount and anti-commingling requirements. Accessed 2026-09-28.
  3. Virtual Currency Business Activity. Louisiana Office of Financial Institutions; Current regulator page on license scope, Act 369 revisions and virtual currency kiosk activity. Accessed 2026-09-28.
  4. Insurance. BitGo; Current page: custody and key-control description; direct-insured entity and location/entity eligibility qualifiers. Accessed 2026-09-28.
  5. Performance Management — Supplemental Requirements & Guidance. Lloyd’s; January 2020, pp.44–46: historic underwriting considerations for key security, hot/cold storage, code/network risk, insured identity and valuation; historical market guidance only. Accessed 2026-09-28.
  6. Louisiana Department of Insurance. Louisiana Department of Insurance; Homepage and consumer services. Accessed 2026-09-28.
  7. Insurance License Lookup. Louisiana Department of Insurance; State-designated producer/company search. Accessed 2026-09-28.
  8. File an Insurance Complaint. Louisiana Department of Insurance; State complaint process and contact. Accessed 2026-09-28.
  9. Surplus Lines Premium Tax. Louisiana Department of Insurance; Current tax/transaction fee and July 1, 2026 transition. Accessed 2026-09-28.
  10. La. R.S. 22:433. Louisiana Legislature; Required policy disclosure; no LIGA protection. Accessed 2026-09-28.
  11. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  12. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  13. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  14. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  15. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  16. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  17. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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