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§ 114.02 FEE FOR COMPANIES ISSUING LIFE INSURANCE POLICIES.
   The license fee imposed upon each insurance company which issues life insurance policies on the lives of person residing within the corporate limits of the city shall be 5% of the first year’s premiums actually collected within each calendar quarter by reason of the issuance of such policies.
(Prior Code, § 114.02) (Ord. passed 10-29-1984; Ord. 2005-01, passed 1-24-2005; Ord. 2011-02, passed 3-15-2011)
Statutory reference:
   Related provisions, see KRS 91a.080(2)
§ 114.03 FEE FOR COMPANIES ISSUING INSURANCE POLICIES.
   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 such policies on risks located within the corporate limits of the city on those classes of business which such company is authorized to transact, less all premiums returned to policy holders. The license fee imposed upon a health insurance policy shall remain at 5% and shall not apply to premiums received on policies of group health insurance provided for state employees under KRS 18A.225 or to premiums received on health insurance policies issued to individuals not to policies issued through Kentucky Access created in KRS 304.17B-005.
(Prior Code, § 114.03) (Ord. passed 10-29-1984; Ord. passed 7-27-1987; Ord. 2005-01, passed 1-24-2005; Ord. 2011-02, passed 3-15-2011)
Statutory reference:
   Related provisions, see KRS 91a.080(3),(10)
§ 114.04 DUE DATE; INTEREST.
   (A)   All license fees imposed by this chapter shall be due no later than 30 days after the end of each calendar quarter.
   (B)   License fees which are not paid on or before the due date shall bear interest at the tax interest rate as defined in KRS 131.010(6).
(Prior Code, § 114.04) (Ord. passed 10-29-1984)
Statutory reference:
   Related provisions, see KRS 91a.080(8),(9)
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