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  • Ky Form 74a118

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74A118 01-08 MONTHLY INSURANCE SURCHARGE REPORT Commonwealth of Kentucky DEPARTMENT OF REVENUE FOR OFFICIAL USE ONLY -- STA.

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4 5 monthly insurance surcharge report - Kentucky...
located in Kentucky (exclude municipal taxes) . ... 74A118 (1-19) ... shall report and...
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Surplus lines tax: 3% plus 1.8% surcharge, payable by broker (See Other Comments section #1).

Kentucky law requires insurance companies to charge all policies written for its residents a surcharge of 1.8%. We are also required to assess your policy with a municipality tax which is based on the location of your residence.

Life insurance proceeds are held outside of the insured's name, meaning they are not taxable. The trust protects assets that you want to leave to friends and business partners, who are considered Class C beneficiaries. You can leave funding for individuals to pay taxes on large estate properties.

For Kentucky and West Virginia Master Policyholders, or an originator and/or servicer of Kentucky or West Virginia loans, the departments of insurance for these states require United Guaranty to collect a state premium surcharge. In Kentucky, a local tax is also collected from the insured.

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.​

Many local governments rely on insurance premium taxes to fund projects. This money, also known as municipal tax or local government premium tax, can be a significant part of a city or county budget. Local governments must levy this tax by ordinance with the effective date being July 1 of each year.

ï‚— Remit premium tax of 2 percent of total taxable premiums. ï‚— Return must be filed annually on or before March 1. ï‚— Make checks payable to Kentucky State Treasurer.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232