Cedar Rapids, Iowa – March 1, 2018 – Today, ETM announced that their risk location software, PosiTax has received the state of Kentucky's verification renewal in accordance with the KRS 91A.0806(6) and HB 524 insurnce premium tax requirements.
For a company's risk location service software to be verified by the state of Kentucky, there are specific criteria that must be met. It must:
- Achieve an overall level of accuracy of at least ninety percent (90%) in identifying the city or country within which an address is located; and
- Is updated at least quarterly with regard to changes in municipal and county bounday data, street address, and zip codes.
- The risk location system must use the municipal and county boundary daa available from the Kentucky Commonwealth Office of Technology. The data is based on municipal and other filings with the Secretary of Sate as its sole source of boundary data.
Additional compliance requirement information can be located at the State of Kentucky Department of Insurance Implementation Update document.
ETM is a Web-application-development firm that specializes in providing statutory financial reporting, tax-compliance, and unclaimed property reporting services, making its clients more efficient, consistently accurate, and uniformly compliant. Founded in 2001, ETM has served nearly 50,000 companies and is the leading provider of software to automate and file financial information to meet numerous regulated reporting requirements. In 2010, ETM developed a web application for Unclaimed Property reporting. ETM has pioneered the development of electronic filing specifications and electronic payment to the state regulatory departments. For more information, please visit , call (855) 737-1688, or e-mail