(A) Fire insurance. All corporations, companies, and associations not incorporated under the laws of this state and which are engaged in the city in effecting or soliciting fire insurance shall pay to the City Treasurer annually, upon July 15 of each and every year, a sum equal to 2% of the gross receipts of premiums received by such corporations, companies, or associations or their agent or agents for business effected or transacted for fire insurance within the said city for the year ending July 1 preceding said dates. The sum named shall be a tax or license fee upon all such corporations, companies, or associations transacting said business within the said city for the maintenance and benefit of the Fire Department thereof.
(B) Reports. Every person acting as agent or otherwise for or on behalf of any such corporation, company, or association shall, on or before July 15 of each and every year, render to the City Clerk a full, just, and true account, verified by oath, of all the premiums which, during the year ending on the July 1 preceding such report, shall have been received by him or her or any other persons for him or her on behalf of any such corporation, company, or association and shall fully and specifically set out in said report the amount or amounts received as premiums for the fire insurance.
(C) Payment of fees. The said agent or agents shall also, at the time of making of the abovementioned report, pay to the City Clerk the said sum of 2% upon the gross receipts of such corporations, companies, or associations, obtained as premiums for effecting fire insurance in the city as is specified in division (A) above.
(D) Delinquent fees. If such account be not rendered on or before the day herein designated for that purpose or if the abovementioned rates for the said tax or license fee shall remain unpaid after that day, it shall be unlawful for any such corporation, company, or association to transact any business of fire insurance in the said city, until the requirements hereof have been fully complied with; nevertheless, this provision shall in no way affect the validity of any risk that may be taken in violation hereof between such corporations, companies, or associations, and the person so insured.
(E) Delinquent reports. If such corporation, company, or association fails to render the account or report herein designated by the day required by this section or if the abovementioned rates, as a tax or license fee, shall remain unpaid after the day designated, July 15, the said city shall recover, in an action in its name for its use against such corporation, company, or association so failing to make such report or pay such license fee or tax, the full amount of the said license fee, which shall be due under the provision hereof.
(F) Fund for fees. Any and all sums so received under the provisions hereof shall form and constitute a fund to be kept separate by the Treasurer of said city and paid by him or her to the Secretary of the Fire Department for the maintenance, use, and benefit of the Fire Department of the said city.
(Prior Code, Chapter 23, Article 2) Penalty, see § 110.99