§ 10-115. Insurers.

(a)

Definitions. As used in this section:

(1)

Insurer shall mean any insurer other than an insurer transacting business in the class of insurance designated in O.C.G.A. § 33-3-5(1).

(2)

Gross direct premiums shall mean gross direct premiums as used in O.C.G.A. § 33-8-8.2(a).

(b)

Fee levied. There is hereby levied an annual license fee upon each insurer doing business within the city in the amount of seventy-five dollars ($75.00). For each separate business location in excess of one (1) not covered by subsection (c), which is operating on behalf of such insurers within the city, there is hereby levied a license fee in the amount of seventy-five dollars ($75.00).

(c)

Additional fee for loan insurance. For each separate business location, not otherwise subject to a license fee hereunder, operated and maintained by a business organization engaged in the business of lending money or transacting sales involving term financing, that in connection with such loans or sales, offers, solicits or takes application for insurance through a licensed agent of an insurer, such insurer shall pay an additional license fee of twenty-six dollars and twenty-five cents ($26.25) per location for each year.

(d)

Fee for agencies and brokers not subject to subsection (b). There is hereby levied, for the year 1992 and for each year thereafter, an annual license fee upon independent agencies and brokers for each separate business locations from which an insurance business is conducted and which is not subject to the company license fee imposed by subsection (b), in the amount of seventy-five dollars ($75.00) for each such location within the city.

(e)

Due dates of fees. License fees imposed in subsections (b)—(d) shall be due and payable on March 31, 1984, and on March 31 of each subsequent year.

(f)

Gross premiums tax on life, accident and sickness insurers. There is hereby levied, for the year 1993 and for each year thereafter, an annual tax based solely upon gross direct premiums upon each insurer writing life, accident and sickness insurance within the city in an amount equal to one (1) percent of the gross direct premiums received during the calendar year in accordance with O.C.G.A. § 33-8-8.1. "Gross direct premiums," as used in this section, shall mean gross direct premiums as used in O.C.G.A. § 33-8-4. The premium tax levied by this section is in addition to the license fees imposed by subsection (b) of this article.

(g)

Gross premiums tax on other insurers. In accordance with O.C.G.A. § 33-8-8.2, there is hereby levied, for the year 1993 and for each year thereafter, an annual tax based upon the gross direct premiums received during the calendar year on each insurer doing business in the city at the rate of two and one-half (2½) percent.

(Ord. No. 43-94, 10-27-94; Ord. No. 49-95, 12-6-95)