91A.0808 Local premium tax advisory council -- Members -- Purpose.

308 words·~1 min read·/ky/chapter-91a/91a-0808

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(a)The commissioner of the Department of Insurance shall appoint a local

premium tax advisory council to provide advice and expertise on the

imposition, administration, and collection of taxes and fees imposed pursuant

to KRS 91A.080. The council shall be chaired by the commissioner of the

Department of Insurance and shall be composed of eight

(8)members which

shall include two

(2)city government representatives nominated by the

Kentucky League of Cities, two

(2)county government representatives

nominated by the Kentucky Association of Counties, one

(1)independent

insurance agent, one

(1)representative of a domestic insurance company, one

(1)representative of a foreign insurance company, and one

(1)representative

of an insurance trade association. Members shall serve four

(4)year terms,

except for the initial members whose appointments shall be staggered.

(b)The chair shall preside over meetings of the advisory council but shall have no

vote except that he or she may cast a vote in order to break a tie.

(c)The Department of Insurance shall staff and assist the council which shall

meet at least two

(2)times per year at meetings called by the chair or a

majority of the members.

(2)The council may identify ways to make the system more effective and efficient for

all parties by making recommendations on needed legislative changes and providing

comments on needed regulatory reforms. In addition, the council may provide

information and assistance to insurance companies and local governments regarding

procedures and practices related to compliance with provisions of this chapter

related to the imposition, administration, and collection of taxes and fees imposed

pursuant to KRS 91A.080. At least once each year, the council shall review the

criteria for verification of risk location systems or programs established by the

Department of Insurance under KRS 91A.0806 and make recommendations for

updating and improving the verification criteria.