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74A106 (1203) INSURANCE PREMIUMS TAX RETURN Commonwealth of Kentucky REVENUE CABINET FOR OFFICIAL USE ONLY CAPTIVE INSURER 3 2 2 0 0 3 1 1 / / Tax For Calendar Year 2003 Return Due March 1, 2004,
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What is captive insurer?
A captive insurer is a wholly owned subsidiary created by a parent company to provide insurance coverage for the parent company's risks.
Who is required to file captive insurer?
The parent company that owns the captive insurer is required to file the captive insurer.
How to fill out captive insurer?
To fill out captive insurer, the parent company must provide information about the risks being insured, financial statements, and other relevant documentation.
What is the purpose of captive insurer?
The purpose of captive insurer is to provide insurance coverage for the risks of the parent company in a cost-effective manner.
What information must be reported on captive insurer?
Information such as premium income, claims incurred, assets and liabilities, and other financial data must be reported on captive insurer.
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