The license fee imposed upon each insurance company which issues any insurance policy which is not a life insurance policy shall be ten percent (10%) of the premiums actually collected within each calendar quarter by reason of the issuance of those policies on risks located within the corporate limits of the city on those classes of business which the company is authorized to transact, less all premiums returned to policy holders; however, any license fee or tax imposed upon premium receipts shall not include premiums received for insuring employers against liability for personal injuries to their employees, or death caused thereby, under the provisions of the Workers’ Compensation Act and shall not include premiums received on policies of group health insurance provided for state employees under KRS 18A.225(2), together with premiums paid to or received by a Hospital Service Corporation, Medical Service Plan Corporation, Dental Service Plan Corporation, or a domestic mutual insurer against risk or cost of medical or surgical care organized under KRS Chapter 304 or former KRS Chapter 301.
(Ord. 84-10-3, passed 10-24-84)