(A) This chapter is intended to exercise the city’s rights as granted in KRS 91A.080 and all definitions and interpretations shall be the same as those under said statute.
(B) The word PREMIUM as used in this chapter shall include any assessment collection by any said insurance company on or any payment made to it as herein provided for insurance on property, persons, or risks within the corporate limits of the city.
(Ord. 2005-014, passed 12-12-05)