Kentucky Department Store, Inc. v. Fidelity-Phenix Fire Insurance Co.

PALMORE, Judge.

This action was brought in the Franklin Circuit Court by four holders of fire insurance policies covering property in this state, suing for themselves and all others similarly situated, against several insurance companies to recover and to enjoin the further collection of amounts added by the companies to or as a part of their premium rates in order to defray the direct and indirect costs of city occupational license taxes (KRS 92.285) levied against and paid by the companies. It was alleged, in effect, that these increments were unauthorized and illegal because, presumably,…