<SEC-DOCUMENT>0001021771-23-000109.txt : 20231114
<SEC-HEADER>0001021771-23-000109.hdr.sgml : 20231114
<ACCEPTANCE-DATETIME>20231114162230
ACCESSION NUMBER:		0001021771-23-000109
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230930
FILED AS OF DATE:		20231114
DATE AS OF CHANGE:		20231114
EFFECTIVENESS DATE:		20231114

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-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-01665
		FILM NUMBER:		231406748

	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-Q
<SEQUENCE>1
<FILENAME>kinsnt10q.htm
<DESCRIPTION>FORM 12B-25 FOR PERIOD ENDED SEPTEMBER 30, 2023
<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>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
      </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">FORM 12b-25</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
      </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">NOTIFICATION OF LATE FILING</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="right" id="zd174c05df985441fae91f54603af42b3" style="width: 30%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">SEC FILE NUMBER</div>
            <div>&#160;</div>
            <div>
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">0-1665</div>
            </div>
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          <td style="width: 100%; vertical-align: top;">&#160;</td>
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          <td style="width: 100%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">CUSIP NUMBER</div>
            <div>&#160;</div>
            <div>
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">496719105</div>
            </div>
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    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(Check one):&#160; </font>[&#160;&#160; ] Form 10-K&#160;
        [<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160; </font>] Form 20-F&#160; [<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160; </font>] Form 11-K&#160; [X] Form 10-Q&#160; [<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160; </font>] Form 10-D&#160; [<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160; </font>] Form N-SAR</div>
    <div style="text-align: justify; margin-left: 36pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; [<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160; </font>] Form N-CSR</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;">For Period Ended:&#160; <u>September 30,
          2023</u></div>
    <div style="text-align: justify; margin-left: 72pt;">[<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160; </font>] Transition Report on Form 10-K</div>
    <div style="text-align: justify; margin-left: 72pt;">[<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160; </font>] Transition Report on Form 20-F</div>
    <div style="text-align: justify; margin-left: 72pt;">[<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160; </font>] Transition Report on Form 11-K</div>
    <div style="text-align: justify; margin-left: 72pt;">[<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160; </font>] Transition Report on Form 10-Q</div>
    <div style="text-align: justify; margin-left: 72pt;">[&#160;&#160; ] Transition Report on Form N-SAR</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt;">For the Transition Period Ended:</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-family: 'Times New Roman',Times,serif;"> </font><br>
      </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; 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="font-family: 'Times New Roman',Times,serif;">If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification
      relates:______________________________________________________________</div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;"> </font><br>
      </div>
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    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">PART I - REGISTRANT INFORMATION</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>KINGSTONE COMPANIES, INC.</u></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Full Name of Registrant</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Former Name if Applicable</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>15 Joys Lane</u></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Address of Principal Executive Office (Street and Number)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Kingston, New York&#160; 12401</u></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">City, State and Zip Code</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">PART II - RULES 12b-25(b) AND (c)</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zc1301241b0b341b8ba5727d19a48951c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">[ <font style="font-weight: bold;">X</font> ]</div>
          </td>
          <td style="width: 7.52%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(a)</div>
          </td>
          <td style="width: 83.83%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</div>
          </td>
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            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">[ <font style="font-weight: bold;">X</font> ]</div>
          </td>
          <td style="width: 7.52%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(b)</div>
          </td>
          <td style="width: 83.83%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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>
          </td>
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            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">[&#160;&#160; ]</div>
          </td>
          <td style="width: 7.52%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(c)</div>
          </td>
          <td style="width: 83.83%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">PART III - NARRATIVE</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">The Registrant could not timely complete the filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2023 due to the need to
      finalize the disclosure in the Form 10-Q as to the Registrant&#8217;s reclassification of components of ceded premiums within prior year net earned premiums, and the related reinsurance receivable asset and reinsurance balances payable liability. The
      reclassification has no effect on the Registrant&#8217;s financial condition, results of operations or cash flows.&#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-Q no later than the fifth calendar day following the prescribed due date.</div>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">PART IV - OTHER INFORMATION</div>
    <div><br>
    </div>
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            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(1)</div>
          </td>
          <td style="width: 91.35%; vertical-align: top;" colspan="2">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">Name and telephone number of person to contact in regard to this notification:</div>
          </td>
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          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
          <td style="width: 91.35%; vertical-align: top;" colspan="2">&#160;</td>
        </tr>
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          <td style="width: 8.65%; vertical-align: top;" rowspan="2">&#160;</td>
          <td style="width: 42.29%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">Jennifer Gravelle</div>
          </td>
          <td style="width: 49.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(845)&#160; &#160; &#160; &#160; &#160; &#160;&#160; 768-1970</div>
          </td>
        </tr>
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          <td style="width: 42.29%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(Name)</div>
          </td>
          <td style="width: 49.06%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(Area Code) (Telephone Number)</div>
          </td>
        </tr>
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          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
          <td style="width: 91.35%; vertical-align: top;" colspan="2">&#160;</td>
        </tr>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(2)</div>
          </td>
          <td style="width: 91.35%; vertical-align: top;" colspan="2">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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; [ <font style="font-weight: bold;">X</font>&#160;<font style="font-weight: bold;">&#160;</font>] Yes&#160; &#160;&#160; [&#160;&#160; ] No</div>
          </td>
        </tr>
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          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
          <td style="width: 91.35%; vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(3)</div>
          </td>
          <td style="width: 91.35%; vertical-align: top;" colspan="2">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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 class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; width: 12pt;">&#160;</font>[<font style="font-weight: bold;">X</font>] Yes&#160;&#160; [<font style="font-weight: bold;">&#160; </font>] No</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
          <td style="width: 91.35%; vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">&#160;</td>
          <td style="width: 91.35%; vertical-align: top;" colspan="2">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">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-family: 'Times New Roman',Times,serif;">The Registrant anticipates reporting (a) revenues of $34,236,671 for the three months ended September 30, 2023 as compared to $35,537,635
              for the three months ended September 30, 2022 primarily due to a decrease in net premiums earned of $1,422,658, which decrease is attributable primarily to a 4.8% decrease in direct written premiums, the run-off of a portion of the
              Registrant&#8217;s 2021-2023 reinsurance treaty and an increase in reinsurance rates, (b) a net loss of $3,537,571 for the three months ended September 30, 2023 as compared to a net loss of $3,997,621 for the three months ended September 30, 2022
              primarily due to a $492,000 decrease in commission expense, a $957,000 decrease in other underwriting expenses and a $368,000 decrease in other operating expenses, offset by the above decrease in revenues and an increase in interest expense
              of $532,000, (c) a comprehensive loss of $5,763,478 for the three months ended September 30, 2023 as compared to a comprehensive loss of $7,981,933 for the three months ended September 30, 2022 primarily due to a $2,226,000 reduction in gross
              change in unrealized losses on available-for-sale securities, and (d) a loss per common share of $0.33 for the three months ended September 30, 2023 as compared to a loss per common share of $0.38 for the three months ended September 30,
              2022.</div>
          </td>
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    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; 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; font-family: 'Times New Roman',Times,serif;">(Name of Registrant as Specified in Charter)</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.</div>
    <div style="text-align: justify; font-size: 12pt;"> <font style="font-size: 10pt;"><br>
      </font></div>
    <div style="text-align: justify; font-size: 12pt;">
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            <td valign="top" style="width: 38%;" colspan="2"><strong><br>
              </strong></td>
            <td valign="top" style="width: 12%;">&#160;</td>
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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>
            <td valign="top" style="width: 12%;">&#160;</td>
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              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">Date:&#160; November 14, 2023<br>
              </div>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Meryl Golden<br>
            </td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#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="bottom" nowrap="nowrap" align="left" style="width: 35%;">Meryl Golden<br>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <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>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>

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