(A) The license fee imposed upon each insurance company which issues insurance policies, which are not life insurance or health insurance policies, shall be 10% of the premiums actually collected within each calendar quarter by reason of the issuance of the 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 the policy holders.
(B) However, any license fee imposed upon premium receipts shall not include premiums received for insuring employers against liability for personal injuries to their employees or for death caused thereby under the provisions of the Workers’ Compensation Act.
(1993 Code, § 63.02) (Ord. 93-03, passed 8-4-1993; Ord. 01-05, passed 8-21-2001; Ord. 1-04, passed 3-17-2004)