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.
Effective: June 20, 2005

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Terms Used In Kentucky Statutes 299.530

  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Domestic: when applied to a corporation, partnership, business trust, or limited liability company, means all those incorporated or formed by authority of this state. See Kentucky Statutes 446.010
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
  • Year: means calendar year. See Kentucky Statutes 446.010

History: Amended 2005 Ky. Acts ch. 85, sec. 676, effective June 20, 2005. — Amended
1966 Ky. Acts ch. 187, Part IV, sec. 9, effective June 16, 1966. — Created 1950 Ky. Acts ch. 21, sec. 13, effective September 1, 1950.
Formerly codified as KRS § 299.486