A. Tax Imposed: Every corporation, company, or association that is not incorporated under the laws of the state of Illinois and that is engaged in effecting fire insurance in the village shall pay to the treasurer of the Lake Zurich foreign fire insurance board, or any agent designated by the treasurer, for the maintenance, use, and benefit of the Lake Zurich fire department, a sum of money equal to two percent (2%) per year of the gross receipts received as premiums on fire insurance policies by any and all agents of such corporation, company, or association during the year ending on July 1 in each year for all fire insurance effected or agreed to be effected on property located within the village by or with such corporation, company or association.
B. Report Of Agents; Payment Of Tax: Every person who acts in the village as agent, or otherwise, for or on behalf of any such corporation, company, or association must, on or before July 15 of each year, render to the treasurer of the Lake Zurich foreign fire insurance board and to the village clerk a full and true account, verified by such person's oath, of all of the premiums on fire insurance policies on property located within the village which, during the year ending July 1 preceding such report, were received by him or her or by some other person on behalf of such corporation, company, or association. Such agent also must pay to the treasurer of the Lake Zurich foreign fire insurance board, at the time of rendering the report, the sum of money for which the corporation, company, or association is chargeable under this section. The treasurer of the Lake Zurich foreign fire insurance board must promptly deposit all fees collected pursuant to this section to the authorized foreign fire insurance account.
C. Collection Of Fees: The sum of money for which every such corporation, company, or association effecting fire insurance is chargeable may be recovered from the corporation, company, or association, or its agent or agents, by an action in the name of and for the use of the village as for money had and received. Nothing in this section may be held, construed, or applied to exempt any person, corporation, company, or association from conviction under the provisions of section 11-10-3 of the Illinois municipal code, 65 Illinois Compiled Statutes 5/11-10-3.
D. Compliance With Provisions: It is unlawful for any corporation, company, or association not incorporated under the laws of the state of Illinois to engage in effecting fire insurance, or to transact any business of fire insurance in the village, while in noncompliance with any of the requirements of this section and until such corporation, company, or association has fully complied with every such requirement; except that, this provision may not be held, construed, or applied to relieve any corporation, company, or association from the payment of any loss on any risk that may be taken in violation of this section. (Ord. 2010-02-696, 2-1-2010)