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§ 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)
§ 112.99 PENALTY.
   Pursuant to KRS 91A.080, willful failure to properly collect and remit the license fees or taxes imposed by this chapter may constitute grounds for the revocation of the license issued to an insurance company or agent under the provisions of KRS Chapter 304 or may result in other penalties being imposed by the State Office of Insurance.
(Ord. 02-14-19-A, passed 3-14-2019)