CHAPTER 112: INSURANCE COMPANIES

Section

   112.01   Imposition of license fee

   112.02   Amount of fee for companies issuing life insurance

   112.03   Amount of fee for companies issuing policies other than life insurance

   112.04   Due date; interest

   112.05   Written breakdown of collections

§ 112.01 IMPOSITION OF LICENSE FEE.

   There is hereby imposed on each insurance company a license fee for the privilege of engaging in the business of insurance within the corporate limits of the city, on a calendar-year basis.

§ 112.02 AMOUNT OF FEE FOR COMPANIES ISSUING LIFE INSURANCE.

   The license fee imposed upon each insurance company which issues life insurance policies on the lives of persons residing within the corporate limits of the city shall be 10% of the first year’s premiums actually collected within each calendar quarter by reason of the issuance of such policies.

(KRS 91A.080(2)) (Prior Code KOC, § 220.31, passed 11-4-2002) (Am. Ord. 2008-2, passed 1-7-2008)