(A) The license fee imposed upon each insurance company which issues any insurance policy which is not a life insurance policy shall be 6% of the premiums actually collected within each calendar quarter on risks located within the corporate limits of the city on those classes of business which such company is authorized to transact, less all premiums returned to policy holders.
(B) 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. This chapter does not apply to premiums for health insurance policies issued to individuals or premiums for policies issued through Kentucky Access, which was created in Subtitle 17B of KRS Chapter 304. This chapter does not apply to policies for high deductible health plans as defined in 26 U.S.C. § 223(c)(2). This chapter does not apply to premiums paid to insurers of municipal bonds, leases, or other debt instruments issued by or on behalf of a city, county, charter county government, urban-county government, consolidated local government, special district, nonprofit corporation, or other political subdivision of the Commonwealth, but this exemption shall not apply if the bonds, leases, or other debt instruments are issued for profit or on behalf of for-profit or private organizations.
(C) Insurance companies which pay license fees or taxes pursuant to this chapter shall credit city license fees or taxes against the same license fees or taxes levied by the county, when the license fees or taxes are levied by the county on or after July 13, 1990.
(KRS 91A.080(3), (10)) (Ord. 704, passed 3-3-87; Am. Ord. 09-01, passed 2-3-09)