KY | The Kentucky Department of Insurance today issued Bulletin 2023-002. It announces changes to the procedures for adjudicating Local Government Premium Tax (LGPT) and updates forms and documents used for these filings. Key topics include:
- Local Government Premium Tax
- Determination of LGPT Liability
- Disclosure of LGPT
- Special Instructions Related to Surplus Lines Business
- Exemptions to LGPT Liability
- Indivisible Premium
- LGPT on Life Insurance
- Minimum Tax
- Flat Fees
- Collection Fees
- Appeals for LGPT Refunds, Credits, or Assessments
- Unearned Premiums
- Credit for City LGPT Against County LGPT
- “Grandfathered” County Taxes
- Quarterly Payment of LGPT
- Penalties
- Annual Reconciliation
Click here to read the bulletin and to access links to specific forms.