The license fee imposed upon each insurance company which issues any insurance policy which is not a life insurance policy shall be 5% through June 30, 2008 and thereafter at 8% of the premiums actually collected within each calendar quarter by reason of the issuance of those policies on risks located within the corporate limits of the city on those classes of business which the company is authorized to transact, less all premiums returned to policy holders; however, any license fee or tax imposed upon premium receipts shall not include premiums received for insuring employers against liability for personal injuries to their employees, or death caused thereby, under the provisions of the Workers' Compensation Act and shall not include premiums received on policies of health insurance.
(Ord. 07-04, passed 12-11-07)