In regard to the business of life insurance, the tax and license fee established and imposed hereby shall be 9.75% of the amount of first year premiums actually collected within each calendar quarter by each insurance company subject to the provisions hereof, upon the lives of persons residing within the corporate limits of the city.
(1996 Code, § 113.02) (Ord. 1810, passed 10-16-1984; Ord. 2241, passed 2-17-2004; Ord. 2492, passed 3-20-2020)