Any license fee or tax imposed hereunder upon any insurance company with respect to any policy which is not a life insurance policy shall be based upon the premiums actually collected by such company within each calendar quarter on risk located within the Corporate Limits of the city on those classes of business which such 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 for personal injuries to their employees, or death caused thereby, under the provisions of the Worker's Compensation Act.
(Ord. passed 4-23-90)