Get Ky 74a118 2021-2026

Filling out the KY 74A118 form online is a straightforward process designed for insurers to report the monthly insurance surcharge. This guide provides step-by-step instructions to assist users in accurately completing the form, ensuring compliance with Kentucky regulations.

Follow the steps to complete your KY 74A118 form online

1. Click the ‘Get Form’ button to access the KY 74A118 form and open it in your preferred online editor.
2. Begin by entering the account number in the designated field, which is essential for tracking your submission.
3. Indicate whether this is an amended return or if it pertains to surplus lines by checking the appropriate checkbox.
4. Fill out the name and address fields with the complete information of the reporting entity.
5. In the 'Report for Month of' section, specify the month and year for which you are reporting by inserting the correct values.
6. Provide the NAIC and FEIN numbers in the corresponding fields, ensuring accuracy as these are vital for identification.
7. Enter the total premiums collected on risks located in Kentucky on line 1, excluding municipal taxes.
8. Deduct amounts not subject to the surcharge by filling out lines 2A to 2D with appropriate figures from relevant categories.
9. Calculate the amount subject to surcharge by subtracting the total amounts not subject to the surcharge (line 2D) from the total premiums (line 1). Enter this figure on line 3.
10. Determine the surcharge due by multiplying the amount from line 3 by the current rate (0.018) and enter this total on line 4.
11. If applicable, assess any penalties or interest on lines 5 and 6, respectively, and enter these amounts accordingly.
12. Sum the amounts from lines 4, 5, and 6 to find the total amount due and enter it on line 7.
13. Make any necessary adjustments on line 8 based on supporting documentation, then calculate the final total amount due on line 9.
14. Review all entries for accuracy before saving, downloading, or printing the completed form for submission.

Complete your KY 74A118 form online today to ensure timely compliance with Kentucky insurance regulations.