The license fee imposed upon each insurance company which issues life insurance policies on the lives of persons residing within the corporate limits of the city shall be 10% of the first year’s premiums actually collected within each calendar quarter by reason of the issuance of the policies.
(Prior Code, § 113.02) (Ord. passed 11-28-2005)
Statutory reference:
For similar provisions under state law, see KRS 91A.080(2)