04RS HB139


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HB 139 (BR 378) - J. Vincent, J. Hoover

     AN ACT relating to insurance premium surcharges.
     Amend KRS 91A.080 to permit the Department of Insurance to impose a penalty against an insurance company that willfully engages in a pattern of business of failing to properly collect and remit the fee or tax imposed by a city, county, or urban-county government on insurance premiums; provide that the penalty shall be no greater than ten percent of the additional license fees or taxes determined to be owed to the local government; provide that the department shall collect the penalty and remit it to the local government; provide that any agent or company that overpays any license fee or tax to a city, county, or urban-county government must be refunded the amount overpaid.


     HFA (1, J. Vincent) - Provide that if the local government fee or tax on insurance premiums was collected upon lives or risks which are discovered to be located outside the local government which was paid the fee or tax, the insurance company or agent who paid the tax shall be refunded the fees and taxes within ninety days of notice to the governmental entity paid.

     (Prefiled by the sponsor(s).)

     Jan 6-introduced in House; to Banking and Insurance (H)
     Jan 12-posted in committee
     Jan 13-posting waived retroactively
     Jan 14-reported favorably, 1st reading, to Calendar
     Jan 15-2nd reading, to Rules
     Jan 21-posted for passage in the Regular Orders of the Day for Thursday, January 22, 2004
     Feb 2-floor amendment (1) filed
     Feb 26-3rd reading, passed 91-0 with floor amendment (1)
     Feb 27-received in Senate
     Mar 3-to State and Local Government (S)
     Mar 25-reported favorably, 1st reading, to Consent Calendar
     Mar 26-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Friday, March 26, 2004; passed over and retained in the Consent Orders of the Day
     Mar 29-passed over and retained in the Consent Orders of the Day
     Apr 12-recommitted to Appropriations and Revenue (S)

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