(A) The license fee imposed upon each insurance company which issues any insurance policy other than those types of policies exempted in division (B) of this section, shall be 11% of the premiums actually collected within each calendar quarter by reason of the issuance of policies on risks located within the corporate limits of the city on those classes of business which the company is authorized to transact, less all premiums returned to policy holders.
(B) The license fee imposed herein shall not include fees based upon premiums:
(1) Received for insuring employers against liability for personal injuries to their employees, or death caused thereby, under the provisions of the Worker’s Compensation Act;
(2) Received on policies of group health insurance, including but not limited to that provided for state employees under KRS 18A.225(2);
(3) Received for insuring any school, church, or public building for loss by fire or other casualty or liability from injuries to or damages to such property;
(4) Received by burial associations for burial service; or
(5) Received for life insurance.
(Ord. 220.40, passed 10-16-84; Am. Ord. 1988-19, passed 2-7-89)