§ 61.001 DEFINITIONS
   For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
   “CATEGORY OF RISK RATE.”
      (1)   Life: two percent (2%) (of first year’s premiums only).
      (2)   Health: two percent (2%).
      (3)   Casualty: two percent (2%).
      (4)   Automobile: eight percent (8%).
      (5)   Inland marine: eight percent (8%).
      (6)   Fire: eight percent (8%).
      (7)   All other risks: eight percent (8%).
   “INSURANCE COMPANY.” Any company authorized to transact insurance business in the state in accordance with KRS Chapter 304. “INSURANCE COMPANY” shall also include a surplus lines broker licensed in accordance with KRS Chapter 304, Subtitle 10.
   “LOCAL GOVERNMENT.” A city, county, charter county, consolidated local government, urban-county government, or unified local government that, by this chapter, imposes a license fee or tax upon insurance premium receipts.
(Ord. 2016-01, passed 3-10-16; Am. Ord. 2023-01, passed 3-3-23)