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 such policies.
(Ord. 14-84, passed 10-15-1984; Ord. 11-90, passed 10-1-1990; Ord. 29-2007, passed 1-7-2008)