The license fee imposed upon each insurance company which issues life insurance policies upon the lives of persons residing within Louisville Metro shall be based upon 5% of the first year's premium and applied to the amount of such premiums actually collected within each calendar quarter by reason of the issuance of such policies.
(1994 Jeff. Code, § 122.02) (Jeff. Ord. 10-1990, adopted and effective 7-19-1990; Lou. Metro Am. Ord. No. 156-2007, approved 8-13-2007)