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)