KRS 136.335: Irrevocable election of method of taxation for domestic life insurance

companies -- Time of filing.

Beginning with calendar year 2000, every life insurance company incorporated under the

laws of and doing business in Kentucky shall make an irrevocable election whether to be

taxed under the provisions of KRS 136.320 or 136.330. For insurance companies

incorporated under the laws of and doing business in Kentucky, prior to January 1, 2000,

the election shall be filed with the commissioner of insurance an d the commissioner of

the Department of Revenue on or before January 1, 2000. For insurance companies

applying for a certificate to do business in Kentucky as a domestic life insurance

company, after January 1, 2000, the election shall be filed with the co mpany's initial

application for certificate of authority to do business in Kentucky.