§ 18-3. Insurance businesses.

(a)

Insurer license fees. There is hereby levied, for each year, an annual license fee upon each insurer with their principle place of business within the city in the amount of $25.00. For each separate principle business location in excess of one not covered by subsection (b) of this section, which is operating on behalf of insurers within the city, there is hereby levied a license fee in the amount of $25.00. For the purposes of this chapter, the term "insurer" means company which is authorized to transact business in any of the classes of insurance designated in O.C.G.A. § 33-3-5.

(b)

License fee for insurers insuring certain risks at additional business locations. For each separate business location, not otherwise subject to a license fee hereunder, operated and maintained by a business organization which is engaged in the business of lending money or transacting sales involving term financing and in connection with such loans or sales, offers, solicits or takes application for insurance through a licensed agent of an insurer for insurance, said insurer shall pay an additional license fee of $10.00 per location for the year 1984 and for each year thereafter.

(c)

Insurance agency license fees, independent insurance agencies, brokers, etc., not otherwise licensed. There is hereby levied for the year 1984 and for each year thereafter an annual license fee upon independent agencies and brokers for each separate business location from which an insurance business is conducted and which is not subject to the company license fee imposed by subsection (a) of this section, in the amount of $15.00 for each location within the city.

(d)

Gross premiums tax imposed on life insurers. There is hereby levied for the year 1984, 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 percent of the gross direct premiums received during the calendar year in accordance with O.C.G.A. § 33-8-4. The premium tax levied by this section is in addition to the license fees imposed by subsection (a) of this section. The tax imposed shall not apply to annuity considerations.

(e)

Gross premiums tax, all other insurers. There is hereby levied for the year 1984 and for each year 1984 and for each year thereafter an annual tax upon each insurer, other than an insurer transacting business in the class of insurance designated in O.C.G.A. § 33-3-5(1), doing business within the city in an amount equal to 2½ percent of the gross direct premiums received during the calendar year, in accordance with O.C.G.A. § 33-8-8.2. The term "gross direct premiums," as used in this section, means gross direct premiums as used in O.C.G.A. § 33-8-8.2(a).

(f)

Due date for license fees. See O.C.G.A. §§ 33-8-8.1, 33-8-8.2.

(Code 1985, § 4-104)