(A) Procedure to request refund. No insurance company shall be entitled to a refund for any insurance premium tax erroneously paid to the city unless the request for refund be made to the city in writing within two years of the date when said tax was paid. Each request for a refund shall be accompanied by the following documentation:
(1) The name and address of each and every insured upon whom tax was erroneously paid;
(2) The type of risk being insured against;
(3) The amount of the insurance premium charged by the company; and
(4) Such other information as may be reasonably requested by the city.
(B) Interest. The city shall not be liable for interest to any person or entity requesting a refund pursuant to this section except as provided by state law.
(C) Form of refund. Any refund made pursuant to this section shall be in the form of a credit for future insurance premium tax due.
(Ord. 07-13, passed 10-2-07)