Insurance Premiums Tax is a tax paid by all life insurance companies, all stock insurance companies, all mutual insurance companies, and all captive insurers doing business in Kentucky.
The tax is assessed on premiums collected by insurance companies on policies written in Kentucky during the preceding calendar year.
The Insurance Premium Surcharge is charged and collected by every foreign, domestic, or alien insurer, other than life insurers, on premiums, assessments, or other charges, for insurance coverage provided to its policyholders on risks located in Kentucky. The surcharge rate is $1.80 per $100 of premiums, and assessments, or other charges for insurance coverage.
The Insurance Premiums Tax and Premium Surcharge laws are located in Kentucky Revised Statutes
Chapter 136 and
Chapter 304.
136.330 Tax on premium receipts life insurance company -- Exception.
136.340 Tax on amounts paid to stock insurance companies, other than life.
136.350 Tax on amounts to mutual companies, other than life and Lloyd's insurers.
136.360 Tax on amounts paid to stock insurance, to defray cost of administering fire prevention and insurance laws.
136.377 Filing of declaration of estimated tax by company -- Payment -- Penalty.
136.381 Reports and payments due notwithstanding dissolution or retirement.
136.390 Tax on insurance companies other than stock or mutual.
299.530 Annual report on reinsurance premiums -- Tax on premiums paid to unauthorized companies.
304.3-270 Retaliatory provision.
304.4-030 Tax as to unauthorized reinsurance.
304.11-050 Premium tax on unauthorized insurer.
304.49-220 Tax levied on premium receipts -- Rates -- Exclusivity of premium tax -- Distribution of revenue for administration of KRS 304.49-010 to 304.49-230.