The license fee imposed upon each insurance company which issues life insurance polices on the lives of persons residing within the corporate limits of the city shall be ten percent (10%) of the first year premiums for casualty insurance and five percent (5%) of the premium for all other types of insurance actually collected within each calendar quarter by reason of the issuance of such policies.
(Ord. 89-552, passed 1-16-90; Am. Ord. 04-832, passed 3-8-04)