§ 120.02. AMOUNT OF LICENSE FEE.

Latest version.

The license fee imposed upon each insurance company which issues any insurance policy which is not a life or health insurance policy shall be seven percent (7%) of the premium actually collected within each calendar quarter by reason of the issuance of such policies on the risk located within the municipal boundaries of the city, on those classes of business which such company is authorized to transact, less all premiums returned to policy holders; 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 death caused thereby, under the provisions of the Workers’ Compensation Act and shall not include premiums from policies of health insurance.
(Ord. 2016-05, passed 3-21-16)

                    
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