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MODEL LOCAL GOVERNMENT PREMIUM TAX ORDINANCE Choose 1: CITY / COUNTY OF Insert County/City Name, KENTUCKY ORDINANCE NO. Insert Ordinance Number AN ORDINANCE IMPOSING A LICENSE FEE OR TAX UPON INSURANCE
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How to fill out model local government premium

01
Obtain the model local government premium form from the relevant authorities.
02
Provide your personal information, including your name, address, and contact details.
03
Specify the type of local government you are affiliated with.
04
Fill out the premium details, such as the coverage amount and the duration of the policy.
05
Provide any additional required information, such as the number of employees or the relevant financial details.
06
Review the completed form for accuracy and completeness.
07
Submit the filled-out form along with any required supporting documents to the designated authorities.
08
Pay the applicable premium fees as specified by the authorities.
09
Wait for confirmation of the policy and any further instructions from the authorities.
10
Keep a copy of the filled-out form and any receipts or proof of payment for future reference or insurance claims.

Who needs model local government premium?

01
Model local government premium is needed by local government entities or organizations.
02
It is particularly required by municipalities, city councils, village administrations, or any other similar government bodies that want to insure their activities and assets.
03
Individuals or companies working closely with the local government may also need this type of insurance to comply with contractual obligations or risk management requirements.
04
It is essential for ensuring financial protection against any potential liabilities or damages that may arise from local government operations.
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The model local government premium is a financial assessment tool used to evaluate the funding and insurance needs of local government entities, particularly for self-insurance programs.
Local government entities, including cities, counties, and other municipal organizations that participate in self-insurance programs are required to file the model local government premium.
To fill out the model local government premium, entities must report their financial data, insurance coverage details, and any relevant claims history using the provided forms and follow the specific instructions issued by the governing authority.
The purpose of the model local government premium is to ensure that local governments have adequate funding for risk management, liability coverage, and to maintain fiscal responsibility in their self-insurance practices.
The information that must be reported includes the total premiums collected, coverage details, claims paid, and any other relevant financial metrics that reflect the entity's insurance operations.
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Relevant keywords

kentucky 91a obligee reinsured valorem policyholders 18a kar insurer lgt krs subdivisions attesting imposes frankfort issuance annuities exemptions insuring surety remitted electing adjusts taxed transact applicable residing perils thereto submitting prem

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