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 12% of the first year’s premiums actually collected within each calendar quarter by reason of the issuance of such policies.
(`96 Code, § 115.02) (Ord. 1984-2, passed 8-8-1984; Am. Ord. 2007-3, passed 3-8-2007; Am. Ord. 2019-3, passed 3-21-2019)