Each corporation, company and association not incorporated under the laws of the state which are engaged in the city in effecting fire insurance, shall pay to the city treasurer for the maintenance, use and benefit of the fire department of the city the sum of two percent of the gross receipts received by its agency in such city, and said corporation, company or association shall pay at the rate of two percent upon the amount of all premiums which, during the year, and after the ordinance codified in this chapter takes effect, ending on the first day of July, shall have been received for any insurance effected or agreed to be effected in the city by or with said corporation, company or association respectively. Every person who shall act in this city, as agent or otherwise for or on behalf of any such corporation, company or association shall, on or before the fifteenth day of July of each and every year, render to the city clerk a full, true and just account verified by his oath of all the premiums which after the taking effect of the ordinance codified in this chapter and during the year ending on every first day of July preceding such report shall have been received by him, or any other person for him, in behalf of any such corporation, company or association, and shall specify in the report the amount received for fire insurance. Such agent shall also pay to the treasurer of the city at the time of rendering the aforesaid report, the amount of rates fixed by this chapter for which the company, association or corporation represented by them are severally chargeable by virtue of this chapter and the statute providing therefor. If such account is not rendered on or before the date designated in this section for that purpose, or if the rates remain unpaid after that date, it is unlawful for any corporation or association so in default to transact any business of insurance in this city until such requisitions have been fully paid, but this shall not relieve any company, corporation or association from the payment of any risk. Any company, corporation or association or their agents, or any person violating the provisions of this section shall be fined for each offense.
(Prior code § 7.202).