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.