The license fee imposed on each insurance company which issues any insurance policy shall be eight percent (8%) of the premiums actually collected within each calendar quarter by reason of the issuance of such policies on risks located within the corporate limits of the city; however, no license fee shall be imposed on the premiums received for insuring worker’s compensation, flood, or individual or group health insurance policies.
(Ord. 2001-5, passed 6-25-01; Am. Ord. 2018-4, passed 8-29-18)