Kentucky Statutes 393A.240 – When report to be filed
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(1) Except as otherwise provided in subsection (2) of this section, and subject to subsection (3) of this section, the report under KRS § 393A.220 shall be filed before November 1 of each year and cover the twelve (12) months preceding July 1 of that year.
(2) Subject to subsection (3) of this section, the report under KRS § 393A.220 to be filed by an insurance company shall be filed before May 1 of each year for the immediately preceding calendar year.
(3) Before the date for filing the report under KRS § 393A.220, the holder of property presumed abandoned may request the administrator extend the time for filing. The administrator may grant an extension. If the extension is granted, the holder may pay or make a partial payment of the amount the holder estimates ultimately will be due. The payment or partial payment terminates accrual of interest on the amount paid.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 24, effective July 14, 2018.
(2) Subject to subsection (3) of this section, the report under KRS § 393A.220 to be filed by an insurance company shall be filed before May 1 of each year for the immediately preceding calendar year.
Terms Used In Kentucky Statutes 393A.240
- Administrator: means the Kentucky State Treasurer. See Kentucky Statutes 393A.010
- Holder: means a person obligated to hold for the account of, or to deliver or pay to, the owner, property subject to this chapter. See Kentucky Statutes 393A.010
- Insurance company: means an association, corporation, or fraternal or mutual- benefit organization, whether or not for profit, engaged in the business of providing life endowments, annuities, or insurance, including accident, burial, casualty, credit- life, contract-performance, dental, disability, fidelity, fire, health, hospitalization, illness, life, malpractice, marine, mortgage, surety, wage-protection, and worker- compensation insurance. See Kentucky Statutes 393A.010
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Before the date for filing the report under KRS § 393A.220, the holder of property presumed abandoned may request the administrator extend the time for filing. The administrator may grant an extension. If the extension is granted, the holder may pay or make a partial payment of the amount the holder estimates ultimately will be due. The payment or partial payment terminates accrual of interest on the amount paid.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 24, effective July 14, 2018.