The license fee imposed upon each insurance company which issues any insurance policy which is not a life insurance policy shall be 8% 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 businesses 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 Worker’s Compensation Act and shall not include premiums received on policies of group health insurance provided for state employees under KRS 18A.225(2).
(Ord. 674-15, passed 3-16-2015; Ord. 2021-4, passed 3-15-2021)