§ 10-68. Life, accident, health insurance; amount of license tax.

On any insurer engaged in the business of issuing life or accident or health insurance policies, other than programs of benefits authorized or provided pursuant to the provisions of R.S. parts I and II of chapter 12 of title 42 (R.S. 42:801 et seq., 42:821), or other forms of contracts or obligations covering such risks, or issuing endowment or annuity policies, or contracts, or other similar forms of contract obligations in consideration of the payment of a premium or other consideration for the issuance of such policies, contracts or obligations, whether such insurer is operating in this state through an agent or other representative or otherwise.

(1)

$10.00 on gross annual premiums up to $2,000.00 and an additional license thereafter of $70.00 on each $10,000.00, or fraction thereof, of gross annual premiums in excess of $2,000.00;

(2)

The maximum license on such businesses, payable to this municipality by any one insurer, shall be $21,000.00.

(Code 1968, § 12-46; Ord. No. 277, § 2, 2-11-1962; Ord. No. 502, § 1, 2-2-1993; Ord. No. 2007-03-A, § 1(1), 4-3-2007)