Kentucky and Louisiana

Counties and Parishes may pass a local tax ordinance (Louisiana and Kentucky).  In these modules, the software will allocate to the county level if the city does not have a tax ordinance, regardless of whether the county has a tax ordinance.  

Any Louisiana policy listed as 9998 should always be considered incorrect, as all policies are taxable in Louisiana.

Kentucky

The Kentucky module may be used to allocate premiums covering risks within Kentucky to the correct municipality for taxation. Please note that Kentucky distinguishes between several different lines of insurance (see premium type codes) and that premiums can be taxed by both a city and county (see County Credit LGT-142).  

Source ASCII File Layout

Premium Type Codes used in the Kentucky Municipal ASCII file layout

The Kentucky module groups allocated premiums into seven categories, as outlined in the Kentucky DOI annual bulletin, based on the Premium Type Code given in the source ASCII file. The seven categories are as follows:

• Casualty

• Fire & Allied Lines

• Health

• Inland Marine

• Life

• Motor Vehicle

• Other

The Kentucky module includes an additional schedule called the County Allocation report to address the County Credit (LGT-142) return that is generated for certain counties in the Premium Pro Enterprise Municipal module.

Export to Premium Pro Municipal

To export allocation data to Premium Pro Municipal, follow these steps:

1. Select Export from the Tools menu.

2. In the state selection drop-down box, select "Kentucky."

3. In the filing quarter drop-down box, select the quarter for which you are exporting data.

4. Select the "Municipal Import File (*.imp)" export option.

5. Select the "By Municipal Code" or "By Municipal Name" option. NOTE: Remember which option you choose, so that you can select the same option when importing the data into Municipal.

6. Click the "Browse" button to select a file name for the exported data.

7. Click the "Export" button.

Following the steps above will create a Municipal Import file (*.imp). The contents of this file can be imported into Premium Pro Municipal by following these steps:

1. Open the Municipal module Premium Pro Enterprise and select the appropriate company.

2. Select the File menu, select import, and select ASCII..

3. Select the import option you would like to use. This should be the same as the export type you chose in Step 5 above.

4. Click the "Select File" button to select the file you wish to import. This should be the Municipal Import file (*.imp) that was created above.

5. Click the "Import" button to import the contents of the selected file.

Following the steps above will import the data and generate calculations.

Additional Information

For more information, please see the annual bulletin issued by the Kentucky Department of Insurance regarding local government premium tax.