The license fee imposed upon each insurance company which issues life insurance policies on the lives of persons residing within the corporate limits of the city shall be 12% of the first year's premiums actually collected within each calendar quarter by reason of the issuance of such policies.
(Ord. 113.1, passed 8-13-88; Am. Ord. 94-2, passed 3-21-94; Am. Ord. 2007.01A, passed 2-1-07)