(A) Compliance required. It shall be unlawful for any corporation or association not incorporated under the laws of the State of Illinois to engage in effecting fire insurance in the city without fully complying with the provisions of this section.
(B) Tax. Any such corporation or association shall pay to the Treasurer, for the maintenance, use and benefit of the Fire Department, a sum of money equal to 2% of the gross receipts each year received for premiums by any and all agents of the corporation or association or received as premiums in any way for fire insurance policies on any property in the city. The payments shall be made for the year ending July 1 of each year.
(C) Time of payment. All payment under the provisions of this section shall be made on or before July 15 following the termination of the year for which the payments are due.
(ILCS Ch. 65, Act 5, § 11-10-1)
Penalty, see § 10.99