<SEC-DOCUMENT>0001021771-22-000016.txt : 20220401
<SEC-HEADER>0001021771-22-000016.hdr.sgml : 20220401
<ACCEPTANCE-DATETIME>20220331191252
ACCESSION NUMBER:		0001021771-22-000016
CONFORMED SUBMISSION TYPE:	NT 10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220401
DATE AS OF CHANGE:		20220331
EFFECTIVENESS DATE:		20220401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KINGSTONE COMPANIES, INC.
		CENTRAL INDEX KEY:			0000033992
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				362476480
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-01665
		FILM NUMBER:		22795034

	BUSINESS ADDRESS:	
		STREET 1:		15 JOYS LANE
		CITY:			KINGSTON
		STATE:			NY
		ZIP:			12401
		BUSINESS PHONE:		516 374-7600

	MAIL ADDRESS:	
		STREET 1:		15 JOYS LANE
		CITY:			KINGSTON
		STATE:			NY
		ZIP:			12401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DCAP GROUP INC
		DATE OF NAME CHANGE:	20050210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DCAP GROUP INC/
		DATE OF NAME CHANGE:	19990702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EXTECH CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-K
<SEQUENCE>1
<FILENAME>nt10k.htm
<DESCRIPTION>FORM 10-K FOR YEAR ENDED DECEMBER 31, 2021
<TEXT>
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        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">UNITED STATES</div>
        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Washington, D.C. 20549</div>
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        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">FORM 12b-25</div>
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        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">NOTIFICATION OF LATE FILING</div>
        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
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              <div style="text-align: center; font-size: 12pt;">SEC FILE NUMBER</div>
              <div>&#160;</div>
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                <div style="text-align: center; font-size: 12pt;">0-1665</div>
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              <div style="text-align: center; font-size: 12pt;">CUSIP NUMBER</div>
              <div>&#160;</div>
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                <div style="text-align: center; font-size: 12pt;">496719105</div>
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      <div style="text-align: justify; font-size: 10pt;"><font style="font-size: 12pt;">(Check one):&#160; </font>[X] Form 10-K [<font style="font-weight: bold;">&#160;&#160; </font>] Form 20-F [<font style="font-weight: bold;">&#160;&#160; </font>] Form 11-K [&#160; ] Form 10-Q [<font style="font-weight: bold;">&#160;&#160; </font>] Form 10-D [<font style="font-weight: bold;">&#160;&#160; </font>] Form N-SAR</div>
      <div style="text-align: justify; margin-left: 36pt; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[<font style="font-weight: bold;">&#160;&#160; </font>] Form N-CSR</div>
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      <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt;">For Period Ended:&#160; <u>December 31, 2021</u></font></div>
      <div style="text-align: justify; margin-left: 72pt; font-size: 10pt;">[<font style="font-weight: bold;">&#160;&#160; </font>] Transition Report on Form 10-K</div>
      <div style="text-align: justify; margin-left: 72pt; font-size: 10pt;">[<font style="font-weight: bold;">&#160;&#160; </font>] Transition Report on Form 20-F</div>
      <div style="text-align: justify; margin-left: 72pt; font-size: 10pt;">[<font style="font-weight: bold;">&#160;&#160; </font>] Transition Report on Form 11-K</div>
      <div style="text-align: justify; margin-left: 72pt; font-size: 10pt;">[<font style="font-weight: bold;">&#160;&#160; </font>] Transition Report on Form 10-Q</div>
      <div style="text-align: justify; margin-left: 72pt; font-size: 10pt;">[&#160;&#160; ] Transition Report on Form N-SAR</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 72pt; font-size: 10pt;">For the Transition Period Ended:</div>
      <div style="text-align: justify; margin-left: 72pt;"> <br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:_________</div>
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      <div style="text-align: center; font-weight: bold;">PART I - REGISTRANT INFORMATION</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>KINGSTONE COMPANIES, INC.</u></div>
      <div style="text-align: center;">Full Name of Registrant</div>
      <div><br>
      </div>
      <div style="text-align: center;">Former Name if Applicable </div>
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      <div style="text-align: center; font-weight: bold;"><u>15 Joys Lane</u></div>
      <div style="text-align: center;">Address of Principal Executive Office (Street and Number) </div>
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      </div>
      <div style="text-align: center; font-weight: bold;"><u>Kingston, New York&#160; 12401</u></div>
      <div style="text-align: center;">City, State and Zip Code </div>
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      <div style="text-align: center; font-weight: bold;">PART II - RULES 12b-25(b) AND (c)</div>
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      <div style="text-align: justify;">If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed.&#160; (Check box if appropriate)</div>
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              <div style="text-align: justify; font-size: 12pt;">[ <font style="font-weight: bold;">X</font> ]</div>
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              <div style="text-align: justify; font-size: 12pt;">(a)</div>
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              <div style="text-align: justify; font-size: 12pt;">The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</div>
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              <div style="text-align: justify; font-size: 12pt;">[ <font style="font-weight: bold;">X</font> ]</div>
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              <div style="text-align: justify; font-size: 12pt;">(b)</div>
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              <div style="text-align: justify; font-size: 12pt;">The subject annual report, semi-annual report, transition report on Form10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth
                calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following
                the prescribed due date; and</div>
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              <div style="text-align: justify; font-size: 12pt;">[&#160;&#160; ]</div>
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              <div style="text-align: justify; font-size: 12pt;">(c)</div>
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            <td style="width: 83.83%; vertical-align: top;">
              <div style="text-align: justify; font-size: 12pt;">The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</div>
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      <div style="text-align: center; font-weight: bold;">PART III - NARRATIVE</div>
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      <div style="text-align: justify;">State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Registrant could not timely complete the filing of its Annual on Form 10-K for the year ended December 31, 2021 due to the need to finalize the disclosure in the Form 10-K as to the Registrant&#8217;s plans to satisfy
        its $30,000,000 debt obligation due on December 30, 2022.&#160; The delay in filing could not be eliminated by the Registrant without unreasonable effort or expense.&#160;&#160; In accordance with Rule 12b-25 promulgated under the Securities Exchange Act of 1934,
        the Registrant will file its Form 10-K no later than the fifteenth calendar day following the prescribed due date.</div>
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      <div style="text-align: center; font-weight: bold;">PART IV - OTHER INFORMATION</div>
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              <div style="text-align: justify; font-size: 12pt;">(1)</div>
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              <div style="text-align: justify; font-size: 12pt;">Name and telephone number of person to contact in regard to this notification:</div>
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            <td colspan="2" style="width: 91.35%; vertical-align: top;">&#160;</td>
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            <td rowspan="2" style="width: 8.65%; vertical-align: top;">&#160;</td>
            <td style="width: 42.29%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: justify; font-size: 12pt;">Richard Swartz</div>
            </td>
            <td style="width: 49.06%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: justify; font-size: 12pt;">(845)&#160; &#160; &#160; &#160; &#160; &#160;&#160; 802-7900</div>
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              <div style="text-align: justify; font-size: 12pt;">(Name)</div>
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              <div style="text-align: justify; font-size: 12pt;">(Area Code) (Telephone Number)</div>
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            <td style="width: 8.65%; vertical-align: top;">&#160;</td>
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              <div style="text-align: justify; font-size: 12pt;">(2)</div>
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            <td colspan="2" style="width: 91.35%; vertical-align: top;">
              <div style="text-align: justify; font-size: 12pt;">Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or
                for such shorter period that the registrant was required to file such report(s) been filed?&#160; If answer is no, identify report(s).&#160; </div>
              <div style="text-align: justify; font-size: 12pt;">[ <font style="font-weight: bold;">X</font>&#160;<font style="font-weight: bold;">&#160;</font>] Yes&#160; &#160;&#160; [&#160;&#160; ] No</div>
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            <td colspan="2" style="width: 91.35%; vertical-align: top;">&#160;</td>
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              <div style="text-align: justify; font-size: 12pt;">(3)</div>
            </td>
            <td colspan="2" style="width: 91.35%; vertical-align: top;">
              <div style="text-align: justify; font-size: 12pt;">Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in
                the subject report or portion thereof?<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt" id="TRGRRTFtoHTMLTab">&#160;</font>[<font style="font-weight: bold;">X</font>] Yes&#160;&#160; [<font style="font-weight: bold;">&#160; </font>]
                No</div>
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            <td colspan="2" style="width: 91.35%; vertical-align: top;">
              <div style="text-align: justify; font-size: 12pt;">If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.</div>
              <div>&#160;</div>
              <div style="text-align: justify; font-size: 12pt;">The Registrant anticipates reporting (a) revenues of approximately $161,200,000 for the year ended December 31, 2021 as compared to approximately $131,400,000 for the year ended December 31,
                2020 due to an increase in earned premiums of approximately $35,800,000, which increase is attributable to the expiration of the personal lines 25% quota share treaty on December 30, 2020 on a cut-off basis, (b) a net loss of approximately
                $7,400,000 for the year ended December 31, 2021 as compared to net income of approximately $1,000,000 for the year ended December 31, 2020 due to an approximately $35,500,000 increase in net loss and loss adjustment expense in 2021 as
                compared to 2020, which increase was attributable to an elevated frequency of liability claims, as well as a higher impact from large fire losses and water damage claims as well as a higher impact of catastrophe losses for 2021, (c) a
                comprehensive loss of approximately $15,500,000 for the year ended December 31, 2021 as compared to comprehensive income of approximately $6,100,000 for the year ended December 31, 2020 due to the unrealized losses within the
                available-for-sale bond investment portfolio in 2021, and (d) a loss per common share of $0.70 for the year ended December 31, 2021 as compared to earnings per share of $0.09 for the year ended December 31, 2020.</div>
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      <div style="text-align: center; font-weight: bold;">KINGSTONE COMPANIES, INC. </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
      <div style="text-align: center;">(Name of Registrant as Specified in Charter) </div>
      <div><br>
      </div>
      <div style="text-align: justify;">has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.</div>
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                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">Date:&#160; March 31, 2022<br>
                </div>
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                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
              </td>
              <td nowrap="nowrap" valign="top" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/ Barry B. Goldstein<br>
              </td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td nowrap="nowrap" valign="bottom" align="left" style="width: 35%;">Barry B. Goldstein<br>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">CEO<br>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
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