§ 13-25. Levy on risk insurance businesses.

[An annual license tax is imposed] on any insurer engaged in the business of issuing policies, contracts, or other forms of obligations covering the risk of fire, marine, transportation, surety, fidelity, indemnity guaranty, workmen's compensation, employer's liability, property damage, livestock, vehicle, automatic sprinkler, burglary, or insurance business of any other kind whatsoever in the Parish of Ouachita, whether such is operating in the parish through agents or other representatives or otherwise, of not more than the following:

First class: When the gross receipts are not more than two thousand dollars ($2,000.00), the license shall be two per cent (2%) of the gross receipts, but shall be not less than ten dollars ($10.00).

Second class: When the gross receipts are more than two thousand dollars ($2,000.00), and not more than four thousand dollars ($4,000.00), the license shall not exceed sixty dollars ($60.00).

Third class: When the gross receipts are more than four thousand dollars ($4,000.00), and not more than six thousand dollars ($6,000.00), the license shall not exceed eighty dollars ($80.00).

Fourth class: When the gross receipts exceed six thousand dollars ($6,000.00), the additional license thereafter shall not be more than seventy dollars ($70.00) for each ten thousand dollars ($10,000.00), or fraction thereof, in excess of six thousand dollars ($6,000.00).

(Ord. No. 7520, § 2, 10-11-76)