136.370 Tax on attorneys for exchange of reciprocal or interinsurance contracts --
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/ky/136-370A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Additional tax on premiums of stock insurers. Each attorney, for the exchange of reciprocal or interinsurance contracts, under KRS Chapter 304, shall pay to the Department of Revenue on or before March 1 of each year a tax of two percent (2%) of the gross premiums or deposits collected from subscribers in this state during the preceding calendar year, less all amounts returned to subscribers or accredited to their account as savings. In addition, the attorney shall pay an annual premium tax of three-fourths of one percent (0.75%) of all amounts as prescribed for every stock insurer by and for the purposes specified in KRS 136.360.