A. License 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 Village or to transact any business of fire insurance in the Village without paying the fees herein provided.
B. Fees: Any corporation or association as defined in subsection A above shall pay to the Village Treasurer for the maintenance, use and benefit of the Fire Department, a sum of money equal to two percent (2%) of the gross receipts each year received for premiums by any and all agents of any such corporation or association for fire insurance policies on any property in this Village. Such payments shall be made for the year ending July 1 each year.
C. Report Required: Every person acting as representative for or on behalf of any company or association required to be licensed hereunder shall, on or before July 15 of each year, render to the Village Treasurer a full, true and just account verified by his oath of all premiums which shall have been received by him on behalf of the company during the year ending on July 1 preceding the report on such fire insurance policies.
D. Time Of Payment: All payments under the provisions of this Section shall be made on or before July 15 following the termination of the year for which such payments are due. (1951 Code 8-1, 8-2, 8-3, 8-4)
Notes
| 1 | 1. S.H.A. 65 ILCS 5/11-10-1 et seq. |