(A) It is unlawful for any corporation, company or association not incorporated under the laws of the state to engage in effecting fire insurance or to transact any business of fire insurance in this city without having fully complied with the provisions of this section.
(B) Any corporation, company or association shall pay to the City Treasurer for the maintenance, use and benefit of the Fire Department, a sum of money equal to 2% of the gross receipts received each year for all premiums which have been received during the year ending on every July 1 for all fire insurance effected or agreed to be effected on property situated within this city, by that corporation, company or association respectively.
(C) Every person who acts in this city as agent, or otherwise, on behalf of a designated corporation, company or association, shall render to the Director of Finance, on or before July 15 of each year, a full and true account, verified by his or her oath, of all of the premiums which, during the year ending on the first day of July preceding the report, were received by him or her or by any other person for him or her on behalf of that corporation, company or association. He or she shall specify in this report the amounts received for fire insurance, and he or she shall pay to the City Treasurer, at the time of rendering this report, the amount as determined by the rate so prescribed for which his or her corporation, company or association is accountable under ILCS Ch. 65, Act 5, §§ 11-10 et seq., and this section.
(D) If this account is not rendered on or before July 15 of each year, or if the sum due remains unpaid after that day, it shall be unlawful for any corporation, company or association, so in default, to transact any business in this city until the sum due has been fully paid. But this provision shall not relieve any corporation, company or association from the payment of any loss upon any risk that may be taken in violation of this requirement.
(E) The amount of this tax or license fee may be recovered from the corporation, company or association which owes it, or from its agent, by an action in the name and for the use of this city as for money had and received.
(F) The Director of Finance may examine the books, records and other papers and documents of a designated agent, corporation, company or association for the purpose of verifying the correctness of the report of the amounts received for fire insurance.
(G) This section shall not be applicable to receipts from contracts of marine insurance, even though they include insurance against fire, where the premium for the fire insurance is not separately specified.
(1999 Code, § 801.28) (Ord. 90-55, passed 11-27-1990)