The license fee imposed upon each insurance company which issues any insurance policy which is not a life insurance policy shall be 10% of the premiums actually collected within each calendar quarter by reason of the issuance of the policies on risks located within 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 being KRS Chapter 342, and shall not include premiums received on policies of group health insurance provided for state employees under KRS 18A.225(2) or premiums received by any self-funded health benefits program for state employees created pursuant to KRS Chapter 18A.
(2000 Code, § 6-58)
Statutory reference:
Similar provisions, see KRS 91A.080(3)