The license fee or tax imposed by a city upon each insurance company with respect to life insurance policies may be based upon the first year's premiums and shall be applied to the amount of the premiums actually collected within each calendar quarter upon the lives of persons residing within the corporate limits of the city.
(KRS 91A.080 (2)) (Ord. G-D4, Series 1990, passed 7-24-90; Am. Ord. 19-04, Series 2019, passed 3-5-19)