The license fee imposed upon each insurance company which issues any insurance policy which is not a life insurance policy shall be 9% of the premiums actually collected within the corporate limits on those classes of business which such company is authorized to transact, less all premiums returned to policyholders; 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 the premiums paid to any state employee benefit fund created pursuant to KRS Chapter 18Astatutory. There is also exempted from the payment of this insurance premium tax, premiums collected from all accredited schools and all organized religious organizations; such as, churches, synagogues, and places where worship services are held on a regular basis.
(Prior Code, § 113.02) (Ord. 220.82, passed - -; Ord. passed 11-20-1989; Ord. passed 4-8-1991)