KRS 136.360: Tax on amounts paid to stock insurance, to defray cost of administering

fire prevention and insurance laws.

Every stock insurer other than life doing business in this state shall pay to the Department

of Revenue on or before the first day of March of each year, for the purpose of defraying

the expenses authorized by KRS Chapter 227, and KRS Chapter 304, Subtitle 24, three -

fourths of one percent (0.75%) of all amounts paid to such insurance company or its

representative, whether such payments are design ated as premiums or otherwise, during

the previous calendar year for fire insurance and that portion of the premium reasonably

allocable to insurance against the hazard of fire included in other coverages other than life

and disability insurances. In compu ting such amounts there shall be deducted amounts

refunded on policies canceled or not taken, and dividends paid or credited to

policyholders. All amounts so collected shall be deposited in the general expenditure fund

in the State Treasury.