§ 40-112. Insurance company.

(a)

Every company carrying on the business of an insurance company in the city and which is subject to the tax on direct premiums imposed by the state, whether organized as a stock company, joint stock company, mutual company or reciprocal organization, or by means of subscribers operating by or through an attorney in fact or as an exchange or association or organization of any character, shall pay the following business license tax:

(1)

Combined fire and casualty insurance company (or commonly known as a multiple line company), per year ..... $200.00

(2)

Fire insurance company, per year ..... 200.00

(3)

Casualty company, per year ..... 100.00

(4)

Life insurance company, per year ..... 100.00

(5)

All other insurance companies subject to the tax on direct premiums imposed by the state, per year ..... 100.00

(b)

Insurance brokers shall pay the business license tax based on annual gross receipts, annual gross business or annual gross commissions of the business under section 40-63(a) of this article.

(Code of Gen. Ords. 1967, § 21.166; Ord. No. 42979, 11-21-75; Ord. No. 48068, 7-21-77; Ord. No. 090973, § 19, 12-17-09)