Admitted KY Insurance Tax Rates
Instructions on how to get up-to-date Admitted insurance tax rates in the state of Kentucky via API through a JSON request.
Introduction
This API allows your management system to quickly query and receive state and municipal tax rates in the state of Kentucky. You will also get the municipal taxing jurisdiction calculated and returned for you as well.
TIP:
There are different methods or approaches to retrieving tax calculations using InsCipher's Access REST API. If you need a quick solution to test out an import and do not currently have one, consider utilizing Postman.
Request Method
Authentication
HTTP Method: POST
Users are authenticated using an API key, which is provided by your InsCipher implementation specialist. The API key is typically around 40 characters.
API Key: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
If you are a prospective client, please contact [email protected]to learn how to obtain an API key.
Endpoint URL
Note:
This URL is the same URL used to calculate admitted and non-admitted (surplus lines taxes).
Before Getting Started:
InsCipher utilizes data tables outside of the documentation for every request to provide the most up to date requirements for your integration. Depending on your configuration, you may need to reference the following tables, which will be mentioned further down in the documentation.
Feel free to open these in a new window or bookmark for future use:
JSON Request Sample
{
"admitted": 1,
"physical_state" : "KY",
"physical_address": "1110 Sparks Rd",
"physical_city" : "Lexington",
"physical_zip_code": "40505",
"line_of_business" : "1014",
"policy_effective_date" : "2023-01-01",
"transaction_type" : "PN",
"premium" : 1000.55,
"agency_fee" : 100,
"inspection_fee" : 200
}
Note:
For policies with multiple lines of business, use separate requests for the premium associated with each LOB
Field Descriptions and Requirements (REQUEST)
| Field Name | Description | Required Header? | Required Value? | Accepted Values |
|---|---|---|---|---|
| physical_state | Currently, we only provide admitted tax rates for Kentucky so set this value to be "KY". If you wish to get surplus lines tax rates in all 50 states + US territories and DC, contact [email protected] and we can get you set up. The process for getting surplus line tax rates is very similar. | Yes | Yes | "KY" STRING |
| admitted | For getting Admitted/Premium tax rates, set this value to "1" | Yes | Yes | "1" INTEGAR |
| policy_effective_date | Policy effective date of the original policy. This is what determines the tax rate period as InsCipher stores historical tax rate records. | Yes | No If omitted, Today's Date will be Used | date (YYYY-MM-DD) |
| physical_address | The physical address of where the majority of the risk resides. | Yes | Yes | varchar (255) |
| physical_city | The physical city of where the majority of the risk resides. | Yes | Yes | varchar (100) |
| physical_zip_code | The physical zip code of where the majority of the risk resides. | Yes | Yes | varchar (5) |
| line_of_business | The type or line of business (aka coverage code). To get a list of LOB import codes, go here. | Yes | Yes | string (10) |
| transaction_type | The transaction or policy type To get a list of all transaction-type import codes, go here. | Yes | Yes | String (3) |
| premium | Gross premium on the policy | Yes | Yes | decimal (12,2) |
| agency_fee | Total fees charged or retained by the brokerage includes fees such as policy fees, agency fees, filing fees, processing fees, etc. | Yes | No | decimal (12,2) |
| inspection_fee | Total fees charged, mandated, or retained by the carrier include fees such as inspection fees, audit fees, carrier fees, underwriting fees, etc. | Yes | No | decimal (12,2) |
JSON Response Sample
{
"state": "KY",
"admitted": 1,
"policy_effective_date": "2023-01-01",
"premium": 1000.55,
"inspection_fee": 200,
"agency_fee": 100,
"premium_tax": 26.01,
"municipal_fee": "65.03",
"municipal_tax_settings": [
{
"municipal_tax_setting": {
"municipality_name": "Lexington-Fayette",
"line_category": "inland_marine"
}
}
],
"stamping_fee": 23.41
}
Response Field Descriptions
| Field Name | Notes |
|---|---|
| state | matches request value |
| admitted | matches request value |
| policy_effective_date | matches request value |
| premium | matches request value |
| agency_fee | matches request value |
| inspection_fee | matches request value |
| premium_tax | Calculated Premium tax |
| municipal_fee | Calculated Municipal tax (i.e. Local Government Premium Tax) |
| municipal_tax_settings municipal_tax_setting ` municipality_name line_category` | Two Values Returned: 1. Calculated local government jurisdiction name (i.e. the municipality name) 2. Line category for which the municipal taxes are based (used in LGPT reporting) |
| stamping_fee | Calculated Surcharge tax |
Policy Type Code and LOB Code Mapping
Kentucky does tax differently, on the municipal level, based on the line of business/coverage code used on the policy.
Updated 2 months ago