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Every insurance company subject to the license fees imposed by this chapter shall annually, by March 31, furnish the city with a written breakdown of all collections in the preceding calendar year for the following categories of insurance:
(A) Casualty;
(B) Automobile;
(C) Inland marine;
(D) Fire and allied perils;
(E) Health; and
(F) Life.
(Prior Code, § 114.05) (Ord. passed 10-29-1984)
Statutory reference:
Related provisions, see KRS 91a.080(8)
The City Clerk/Treasurer shall file a copy of this chapter, and any amendment thereto, to the Commissioner of Insurance at least 100 days prior to the effective date. The Commissioner of Insurance shall promptly notify each insurance company engaged in the business of insurance in the commonwealth that the city has elected to impose this license fee or tax and the current amount of this license fee or rate of tax.
(Prior Code, § 114.07) (Ord. 2005-01, passed 1-24-2005; Ord. 2011-02, passed 3-15-2011)
(A) No insurance company shall be entitled to a refund for any tax erroneously paid pursuant to the terms of this section unless the request for refund be made to the city in writing within 18 months of the end of the calendar year on which said tax is paid. Additionally, said request shall be accompanied by documentation supporting said request which shall include at least the following:
(1) The name and address of each and every insured upon whom tax was erroneously paid;
(2) The type of risk being insured against;
(3) The amount of the insurance premium charged by the company; and
(4) Such other information as may be reasonably requested by the city.
(B) Further, unless request for refund be made as set forth above, no set off may be made by the company for erroneously paid premiums against future taxes owed.
(Prior Code, § 114.08) (Ord. passed 6-18-2007)