Get Ky Form 74a118

Filling out the Ky Form 74a118 is an essential process for reporting monthly insurance surcharges in Kentucky. This guide provides clear, step-by-step instructions to help users complete the form accurately and efficiently in an online format.

Follow the steps to complete the Ky Form 74a118 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the account number in the designated field, ensuring it is accurate and reflects your organization’s registration details.
3. Indicate whether you are an annual filer, submitting an amended return, or if this is a surplus lines report by checking the appropriate boxes.
4. Fill out the name and address section with the legal name of your organization and reliable contact information.
5. Report the total premiums, assessments, and other charges collected on risks located in Kentucky in the specified field. Make sure to exclude municipal taxes.
6. Deduct amounts not subject to surcharge by completing sections A through C. For each specific category like premiums returned or certain insurance types, provide the amounts accurately.
7. Calculate the total amount not subject to surcharge and enter this figure in the designated field.
8. Determine the amount subject to surcharge by subtracting the total not subject to surcharge from the total reported. Enter this figure in the appropriate area.
9. Compute the surcharge due by multiplying the amount subject to surcharge by the prescribed rate (0.015) and enter the result.
10. Include any penalties or interest due, as applicable. Refer to the reverse side of the form for detailed information on these calculations.
11. Sum all figures related to the amount due. Check that all components are accurately included.
12. Proceed to enter the principal officer's information and the preparer's details. Ensure all signatures, names, and dates are completed.
13. Finally, save changes, and choose to download or print the completed form as needed prior to submission.

Complete your Ky Form 74a118 online today to ensure timely and accurate reporting!