The license fee imposed upon each insurance company which issues any insurance policy insuring against loss by fire and allied perils or other casualty, and type of automobile and/or motor vehicle insurance policy whose owner resides in or is located in the city, shall be 6% of the premiums actually collected within each calendar quarter by reason of the issuance of such policies on risks located within the corporate limits of the city on those classes of business which such company is authorized to transact, less all premiums returned to policyholders; however, 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) or premiums received by any self- funded health benefits program for state employees created pursuant to KRS Chapter 18A.
(Ord. 221.3, passed 10-8-84)