The license fee imposed upon each insurance company issuing any insurance policy which is not a life insurance policy shall be eight percent (8%) of the premiums actually collected within each calendar quarter by reason of the issuance of the policies on risks located within the corporate limits of the city, on those classes of business the company is authorized to transact, less all premiums returned to policyholders. However, any license fee or tax imposed upon premium receipts shall not include premiums received for insuring employers against liability or personal injury to their employees, or death caused thereby, under the provisions of the Workers’ Compensation Act and shall not include premiums received on policies of group health insurance provided for state employees under KRS 18A.225(2).
(Ord. 5-1985, passed 9-9-85)