(A) Conformance. All corporations, companies and associations not incorporated under the laws of this state, which are engaged in this city, in effecting or soliciting fire insurance, shall pay to the Treasurer on July 15 of each and every year, a sum equal to 2% of the gross receipts of premiums received by such corporations, associations or companies, or their agencies, agent(s) for business effected or transacted for fire insurance within this city for the year preceding July 1. The sum above named shall be as a tax or license fee upon all such corporations, companies or associations transacting the business within this city.
(B) Required reports. Every person acting as an agent, or otherwise, for or on behalf of any such corporation, company or association, shall, on or before July 15 of each and every year, render to the Clerk, a full, true and just account, verified by oath, of all the premiums which during the year ending on July 1 of each and every year, shall have been received by him or her, or any other person for him or her, in behalf of such corporation, company or association, and shall fully and specifically set out in the report, the amount or amounts received as premiums for fire insurance.
(C) Fees. The agent(s) shall also, at the time of making the above mentioned report, pay to the Treasurer, the sum of 2% upon the gross receipts of such corporation, company or association obtained as premiums for effecting fire insurance in this city, as specified in this subchapter.
(D) Unlawful operation. If such an account be not rendered on or before the day herein specified for that purpose, or if the above mentioned rates for the tax or license fees shall remain unpaid after that day, it shall be unlawful for any such corporation, company or association to transact any business of fire insurance in this city; until the requirements hereof are fully complied with, but this provision shall not relieve any company, corporation or association from the payment of any such risk that may be taken in violation hereof.
(1975 Code, § 36.03) Penalty, see § 10.99