(A) The license fee imposed upon each insurance company which issues any insurance policy which is not a life insurance policy shall be 8% of the premiums actually collected by such company 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.
(B) The provisions of this section shall not include:
(1) Premiums received for insuring employers against liability of personal injuries to their employees, or death caused thereby, under the provisions of the Workers' Compensation Act, or premiums received on policies of group health insurance provided for state employees under KRS 18A.225(2), or premiums received on health insurance as defined by § 116.01 or paid to any state employee benefit fund created pursuant to KRS Chapter 18A;
(2) Premiums for health insurance policies paid by individuals or premiums for policies issued through Kentucky Access;
(3) Health insurance policies issued to individuals;
(4) Policies for high deductible health plans as defined by 26 U.S.C. § 223(c)(2);
(5) Premiums paid to insurers of municipal bonds, leases or other debt instruments issued by or on behalf of a city, county, charter county government, urban county government, consolidated local government, special district, nonprofit corporation, or other political subdivision of the Commonwealth. However, this exemption does not apply if the debt instruments are issued for profit or on behalf of a for-profit or private organization.
('77 Code, § 14-35(d)) (Ord. 328-l984, passed 9-5-84; Am. Ord. 335-l984, passed 10-18-84; Am. Ord. 16-12, passed 10-3-12)