The license fee imposed upon each insurance company which issues any insurance policy which is not life, health, accident insurance, or workers' compensation insurance and which is not otherwise excepted herein in § 112.05
, shall be 7.25% of the premiums actually collected within each calendar quarter by reason of the issuance of such policies on risks located within the corporate limits of the city on those classes of business which the company is authorized to transact, less all premiums returned to policy holders. Any license fee or tax imposed upon premium receipts shall not include premiums received for insurance paid by employers against liability for personal injuries to their employees or death caused thereby under the provisions of the Workers' Compensation Act, and shall not include premiums received on policies of group health insurance provided for state employees under KRS 18A.225(2).
(Ord. 804, passed 9-27-84; Am. Ord. 90-919, passed 4-27-90; Am. Ord. 2017-1747, passed 10-26-17; Am. Ord. 2018-1760, passed 9-27-18; Am. Ord. 2020-1801, passed 10-8-20)