Kentucky Statutes 304.10-170 – Quarterly statement of broker
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(1) Each broker shall, within thirty (30) days of the end of each calendar quarter, file with the commissioner a verified statement of all surplus lines insurance transacted by him during the preceding calendar quarter.
(2) The statement shall be on forms as prescribed by the commissioner and shall show: (a) Gross amount of each kind of insurance transacted;
(b) Aggregate of gross premiums charged;
(c) Aggregate of returned premiums paid insureds; (d) Aggregate of net premiums; and
(e) Additional information as required by the commissioner.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1098, effective July 15, 2010. — Amended 2002 Ky. Acts ch. 273, sec. 41, effective July 15, 2002. — Amended 1984
Ky. Acts ch. 322, sec. 10, effective July 13, 1984. — Created 1970 Ky. Acts ch. 301, subtit. 10, sec. 17, effective June 18, 1970.
(2) The statement shall be on forms as prescribed by the commissioner and shall show: (a) Gross amount of each kind of insurance transacted;
Terms Used In Kentucky Statutes 304.10-170
- Broker: means a surplus lines broker duly licensed as such under this subtitle. See Kentucky Statutes 304.10-030
- Surplus lines: means nonadmitted insurance sold to, solicited by, or negotiated with an insured whose home state is Kentucky. See Kentucky Statutes 304.10-030
(b) Aggregate of gross premiums charged;
(c) Aggregate of returned premiums paid insureds; (d) Aggregate of net premiums; and
(e) Additional information as required by the commissioner.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1098, effective July 15, 2010. — Amended 2002 Ky. Acts ch. 273, sec. 41, effective July 15, 2002. — Amended 1984
Ky. Acts ch. 322, sec. 10, effective July 13, 1984. — Created 1970 Ky. Acts ch. 301, subtit. 10, sec. 17, effective June 18, 1970.