Kentucky Administrative Regulations
Title 806 - PUBLIC PROTECTION CABINET - DEPARTMENT OF INSURANCE
Chapter 2 - Administration
Section 806 KAR 2:097 - Filing of local government premium tax ordinances; notification to insurers
Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO: KRS 91A.080, 304.4-010
NECESSITY, FUNCTION, AND CONFORMITY: KRS 304.2-110 provides that the commissioner may make reasonable administrative regulations necessary for or as an aid to the effectuation of any provision of the Kentucky Insurance Code. KRS 91A.080 authorizes the commissioner to adopt administrative regulations for the collection and reporting of local government premium taxes. This administrative regulation establishes procedures for notifying insurers of the contents of these local government premium tax ordinances.
Section 1. Definitions.
Section 2. Filing of Local Government Premium Tax Ordinances. Adopted or amended ordinances shall be submitted by the city, county, or urban county government to the commissioner in accordance with KRS 91A.080. If an adopted or amended ordinance under KRS 91A.080 is received less than 100 days prior to July 1st, the commissioner shall not notify insurers of the adopted or amended ordinance until the next notice of local government premium taxes is published.
Section 3. Notification to Insurers of Local Government Premium Taxes.
STATUTORY AUTHORITY: KRS 91A.080, 304.2-110