§ 19-81. Definition.

Latest version.

The "annual premiums" referred to in section 19-82 of this article shall be the gross amount of premiums for the preceding year; if the company, society, association, corporation, firm or individual is new, then the premiums for the first two (2) months shall be the basis for the license tax and six (6) times that amount shall be estimated as the gross amount of premiums of such business.

(Ord. No. 558, § 2, 11-8-50)

                    
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