(A) The license fee imposed upon each insurance company which issues any insurance policy which is not a life insurance policy shall be ten percent (10%) of the premiums actually collected within each calendar year by reason of the issuance of such policies on risks located within the city limits on those classes of business which such company is authorized to transact, less all premiums returned to the policy holder.
(B) Any license fee or tax imposed upon premium receipts shall not include premiums received for insuring 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), health insurance policies issued to individuals, and policies issued through Kentucky Access created in KRS 304.17B-005.
(Ord. 35-84, § III, passed 10-9-84; Am. Ord. 2003-3, passed 3-14-03)