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91A.0808 Local premium tax advisory council -- Members -- Purpose.
(1)
(2)
(a)
The commissioner of the Department of Insurance shall appoint a local
premium tax advisory council to provide advice and expertise on the
imposition, administration, and collection of taxes and fees imposed
pursuant to KRS 91A.080. The council shall be chaired by the
commissioner of the Department of Insurance and shall be composed of
eight (8) members which shall include two (2) city government
representatives nominated by the Kentucky League of Cities, two (2)
county government representatives nominated by the Kentucky
Association of Counties, one (1) independent insurance agent, one (1)
representative of a domestic insurance company, one (1) representative
of a foreign insurance company, and one (1) representative of an
insurance trade association. Members shall serve four (4) year terms,
except for the initial members whose appointments shall be staggered.
(b) The chair shall preside over meetings of the advisory council but shall
have no vote except that he or she may cast a vote in order to break a tie.
(c) The Department of Insurance shall staff and assist the council which shall
meet at least two (2) times per year at meetings called by the chair or a
majority of the members.
The council may identify ways to make the system more effective and efficient
for all parties by making recommendations on needed legislative changes and
providing comments on needed regulatory reforms. In addition, the council may
provide information and assistance to insurance companies and local
governments regarding procedures and practices related to compliance with
provisions of this chapter related to the imposition, administration, and
collection of taxes and fees imposed pursuant to KRS 91A.080. At least once
each year, the council shall review the criteria for verification of risk location
systems or programs established by the Department of Insurance under KRS
91A.0806 and make recommendations for updating and improving the
verification criteria.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 79, effective July 15, 2010. -Created 2008 Ky. Acts ch. 94, sec. 4, effective July 15, 2008.
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