State Codes and Statutes

Statutes > Kentucky > 136-00 > 370

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136.370 Tax on attorneys for exchange of reciprocal or interinsurance contracts -- Additional tax on premiums of stock insurers. Each attorney, for the exchange of reciprocal or interinsurance contracts, under KRS <br>Chapter 304, shall pay to the Department of Revenue on or before March 1 of each year a <br>tax of two percent (2%) of the gross premiums or deposits collected from subscribers in <br>this state during the preceding calendar year, less all amounts returned to subscribers or <br>accredited to their account as savings. In addition, the attorney shall pay an annual <br>premium tax of three-fourths of one percent (0.75%) of all amounts as prescribed for <br>every stock insurer by and for the purposes specified in KRS 136.360. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 326, effective June 20, 2005. -- Amended 1966 Ky. Acts ch. 187, Part IV, sec. 5. -- Amended 1954 Ky. Acts ch. 224, sec. 3. -- <br>Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. <br>sec. 743m-11.

State Codes and Statutes

Statutes > Kentucky > 136-00 > 370

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136.370 Tax on attorneys for exchange of reciprocal or interinsurance contracts -- Additional tax on premiums of stock insurers. Each attorney, for the exchange of reciprocal or interinsurance contracts, under KRS <br>Chapter 304, shall pay to the Department of Revenue on or before March 1 of each year a <br>tax of two percent (2%) of the gross premiums or deposits collected from subscribers in <br>this state during the preceding calendar year, less all amounts returned to subscribers or <br>accredited to their account as savings. In addition, the attorney shall pay an annual <br>premium tax of three-fourths of one percent (0.75%) of all amounts as prescribed for <br>every stock insurer by and for the purposes specified in KRS 136.360. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 326, effective June 20, 2005. -- Amended 1966 Ky. Acts ch. 187, Part IV, sec. 5. -- Amended 1954 Ky. Acts ch. 224, sec. 3. -- <br>Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. <br>sec. 743m-11.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 136-00 > 370

Download pdf
Loading PDF...


136.370 Tax on attorneys for exchange of reciprocal or interinsurance contracts -- Additional tax on premiums of stock insurers. Each attorney, for the exchange of reciprocal or interinsurance contracts, under KRS <br>Chapter 304, shall pay to the Department of Revenue on or before March 1 of each year a <br>tax of two percent (2%) of the gross premiums or deposits collected from subscribers in <br>this state during the preceding calendar year, less all amounts returned to subscribers or <br>accredited to their account as savings. In addition, the attorney shall pay an annual <br>premium tax of three-fourths of one percent (0.75%) of all amounts as prescribed for <br>every stock insurer by and for the purposes specified in KRS 136.360. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 326, effective June 20, 2005. -- Amended 1966 Ky. Acts ch. 187, Part IV, sec. 5. -- Amended 1954 Ky. Acts ch. 224, sec. 3. -- <br>Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. <br>sec. 743m-11.