Ky. Rev. Stat. § 299.530

Current through 2024 Ky. Acts ch. 225

Section 299.530 - Annual report on reinsurance premiums - Tax on premiums paid to unauthorized companies

All domestic mutual fire insurance companies referred to in KRS 299.470 or cooperative and assessment fire insurance shall by March 1 of each year, file with the Department of Revenue a report showing the amount of premiums contracted for by them in a reinsurance company during the preceding calendar year, and shall pay at the time of making the return a tax of two dollars ($2) on each one hundred dollars ($100) of the premiums paid to any company not authorized to do business in this state.

KRS 299.530

Effective:6/20/2005
Amended 2005, Ky. Acts ch. 85, sec. 676, effective6/20/2005. -- Amended 1966 Ky. Acts ch. 187, Part IV, sec. 9, effective 6/16/1966. -- Created 1950 Ky. Acts ch. 21, sec. 13, effective 9/1/1950.