Kentucky HB91 amends insurance regulations to exempt certain out-of-state insurers from local taxes and fees.
Kentucky HB91 modifies insurance laws to exempt out-of-state insurers from local taxes and fees under specific conditions. The bill exempts industrial insureds, government entity insureds, and exempt commercial policyholders from certain rate and policy form requirements. It also exempts foreign insurers from local taxes and fees if they meet criteria such as employing a risk manager, having a certain number of full-time employees, and meeting annual premium thresholds. The bill outlines procedures for audits, penalties for non-compliance, and conditions for exemptions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.