Except as provided in § 112.05, the license fee or tax imposed upon each insurance company with respect to any insurance policy which is not a life insurance policy shall be 10% of the premiums actually collected within each calendar quarter by reason of the issuance of such policies on risks located within the corporate limits of the city. The license fee or tax shall apply only to those classes of business which such insurance company is authorized to transact, less all premiums returned to policyholders.
(Ord. 19-8, passed 12-12-19)