{"data":{"id":"us-ky/krs-304.45-080","jurisdiction":"us-ky","citation":"KRS 304.45-080","heading":"Taxation of risk retention groups and insurers.","body":"(1) All risk retention groups and insurers providing liability insurance to purchasing\ngroups shall be subject to taxation and shall be deemed to be insurers for the\npurpose of assessing and collecting taxes on premiums. All risk retention groups\nand insurers issuing liability insurance policies to purchasing groups shall be subject\nto the taxes set forth in KRS 91A.080 and 136.340 and the surcharge imposed by\nKRS 136.392.\n(2) All persons involved in the solicitation, negotiation, or procurement of liability\ninsurance from a risk retention group or from an insurer issuing a liability insurance\ngroup to a purchasing group shall cooperate in the reporting and payment of taxes\non premiums for risks located in this state.\n(3) Failure of risk retention groups, insure rs issuing liability insurance policies to\npurchasing groups, and any person involved in the solicitation, negotiation, or\nprocurement of liability insurance from a risk retention group or from an insurer\nissuing a liability insurance policy to a purchasin g group to pay taxes in accordance\nwith this section or to cooperate in accordance with this section is a ground for\nsuspension or revocation of certificates of authority, licenses, or permission to do\nbusiness in this state, imposition of civil penalties,  or both. The commissioner may\ntake any action necessary to assure that applicable premium taxes are paid to the\nappropriate taxing authorities.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=30161","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:59Z","sha256":"7d97184f668a0364aba18742c0ed040f22288a7d5e69442406660395bb11ca3a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.45-070","next":"us-ky/krs-304.45-090"},"notice":"GroundRules: Original legal text. Not legal advice."}