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§ 112.04 AMOUNT OF FEE FOR COMPANIES ISSUING POLICIES OTHER THAN LIFE INSURANCE.
   (A)   The license fee or tax imposed upon each insurance company with respect to any policy which is not a life insurance policy shall be of the premiums actually collected by the insurance company within each calendar quarter on risks located within the corporate limits of the city on those classes of business which the insurance company is authorized to transact, less all premiums returned to policyholders.
   (B)   The license fee or tax shall also not apply to premiums:
      (1)   Received on policies of group health insurance provided for state employees under KRS 18A.225;
      (2)   Received on policies insuring employers against liability for personal injuries to their employees or the death of their employees caused thereby, under the provisions of KRS Chapter 342;
      (3)   Received on health insurance policies issued to individuals;
      (4)   Received on policies issued through Kentucky Access created in Subtitle l7B of KRS Chapter 304;
      (5)   Received on policies for high deductible health plans as defined in 26 U.S.C.223(c)(2);
      (6)   Received on multi-state surplus lines, defined as non-admitted insurance as provided in Dodd-Frank Wall Street Reform and Consumer Protection Act Pub.; or
      (7)   Paid to insurance companies or surplus lines brokers by non-profit self-insurance groups or self-insurance entities whose membership consists of cities, counties, charter county government, urban-county government, consolidated local government, unified local government, school districts, or any other political subdivisions of the Commonwealth.
   (C)   No license fee or tax imposed under this section shall apply to premiums paid to insurers of municipal bonds, leases, or other debt instruments issued by or on behalf of a city, county, charter county government, urban-county government, consolidated local government, special district, non-profit corporation, or other political subdivision of the Commonwealth. However, this exemption shall not apply if the bonds, leases, or other debt instruments are issued for profit or on behalf of for-profit or private organizations.
(Ord. 02-14-19-A, passed 3-14-2019)
§ 112.05 WRITTEN BREAKDOWN OF COLLECTIONS.
   (A)   All license fees imposed by this chapter shall be due no later than 30 days after the end of each calendar quarter;
   (B)   Any insurance company or agent that overpays any license fee or tax to a city shall be refunded the amount overpaid. If it is determined that an insurance company or agent paid a license fee or tax to a city based upon premiums collected upon lives or risks which are discovered to be located outside the legal corporate limits of the city which was paid the license fee or tax, the insurance company or agent shall be refunded those license fees and taxes within 90 days' notice to the city paid.
   (C)   License fees which are not paid on or before the due date shall bear interest at the tax interest rate as defined in KRS 131.010(6) from the date due until paid.
(Ord. 02-14-19-A, passed 3-14-2019)
§ 112.06 WRITTEN BREAKDOWN OF COLLECTIONS.
   Every insurance company subject to the license fees imposed by this chapter shall annually, by March 31, furnish the city with a written breakdown of all collections in the preceding calendar year for the following categories of insurance:
   (A)   Casualty;
   (B)   Automobile;
   (C)   Inland Marine;
   (D)   Fire and allied perils;
   (E)   Health; and
   (F)   Life.
(Ord. 02-14-19-A, passed 3-14-2019)
§ 112.07 INSPECTION OF RECORDS AND ACCOUNTS.
   Every insurance company subject to license fees or tax shall maintain records adequate to support the reports required to be filed under this chapter. Authority is given to the City of Middletown or a representative thereof to make inspection of the books, accounts and records of the agent or insurance company to verify the correctness of any report or breakdown of collections.
(Ord. 02-14-19-A, passed 3-14-2019)
§ 112.08 LIABILITY OF AGENTS.
   This section applies to insurance agents and surplus lines brokers to the extent they are responsible for collection, reporting, and payment of license fees or taxes pursuant to KRS 91A.080.
(Ord. 02-14-19-A, passed 3-14-2019)
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