§ 17-29. Levied.

Pursuant to Section 8 of Article X of the Constitution of 1921 and Section 1076 of Title 22 of the Revised Statutes of Louisiana of 1950, there is hereby levied an annual license tax for the year 1957 and for each subsequent year on each company, society, association, corporation, or firm or individual engaged in the business of issuing any form of insurance policy or contract, which may now or hereafter be subject to the payment of any license tax for state purposes, as herein provided and particularly on the following:

(1)

Life, accident and health companies. On any company, society, association, corporation, firm or individual engaged in the business of issuing life or accident or health insurance policies 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 insurance of such policies, contracts, or obligations, whether such insurance company, society, association, corporation, firm or individual be domiciled in the Parish of Webster, or operating here through an agent or other representative, [the following license tax:]

(a)

First Class—On gross annual premiums up to two thousand dollars ($2,000.00) the license shall be ten dollars ($10.00).

(b)

Second Class—On each ten thousand dollars ($10,000.00), or fraction thereof, of gross annual premiums in excess of two thousand [dollars] ($2,000.00) the additional license shall be seventy dollars ($70.00).

 Provided that the maximum license on such business, payable hereunder, by any one company, society, association, corporation, firm or individual, shall not exceed twenty-one thousand dollars ($21,000.00).

 Each of the above-named kinds of insurance or contracts may be combined under one license tax by any such company, society, association, corporation, firm or individual, and the amount of the license tax shall be based on the combined gross annual premiums of all of such business.

(2)

Fire and marine companies, etc. On any company, society, association, corporation, firm or individual engaged in the business of issuing policies, contracts, or other forms of obligations covering the risk of fire or marine or river insurance or surety or fidelity or indemnity or guaranty or workmen's compensation or employer's liability or property damage or livestock or tornado or automobile or automatic sprinkler or burglary or insurance business of any kind whatsoever in the Parish of Webster whether such insurance company, society, association, corporation, firm or individual be domiciled in the Parish of Webster or operating here through agents or other representatives, the following license tax:

(a)

First Class—When the gross annual premiums for contracts or risks covered by this section as amended are less than five hundred dollars ($500.00) the license shall be ten dollars ($10.00).

(b)

Second Class—When said premiums are five hundred dollars ($500.00) and less than one thousand dollars ($1,000.00) the license shall be twenty dollars ($20.00).

(c)

Third Class—When said premiums are one thousand dollars ($1,000.00) and less than one thousand five hundred dollars ($1,500.00), the license shall be thirty dollars ($30.00).

(d)

Fourth Class—When said premiums are one thousand five hundred dollars ($1,500.00) and less than two thousand dollars ($2,000.00) the license shall be forty dollars ($40.00).

(e)

Fifth Class—When said premiums are two thousand dollars ($2,000.00) and less than three thousand dollars ($3,000.00) the license shall be fifty dollars ($50.00).

(f)

Sixth Class—When said premiums are three thousand dollars ($3,000.00) and less than four thousand dollars ($4,000.00), the license shall be sixty dollars ($60.00).

(g)

Seventh Class—When said premiums are four thousand dollars ($4,000.00) and less than five thousand dollars ($5,000.00), the license shall be seventy dollars ($70.00).

(h)

Eighth Class—When said premiums are five thousand dollars ($5,000.00) and less than six thousand dollars ($6,000.00) the license shall be eighty dollars ($80.00).

 When the premiums exceed six thousand dollars ($6,000.00) the license thereafter shall be seventy dollars ($70.00) for each ten thousand dollars ($10,000.00), or fraction thereof, in excess of six thousand dollars ($6,000.00).

 Provided that the maximum license on such business payable hereunder, by any company, society, association, corporation, firm or individual, shall not exceed nine thousand dollars ($9,000.00).

 Each of the above-named kinds of insurance or contracts may be combined under one license tax by any such company, society, association, corporation, firm or individual, and the amount of the license tax shall be based on the combined gross annual premiums of all of such business.

(3)

[ Plate glass and steam boiler companies. ] Plate glass and steam boiler insurance companies, societies, associations, corporations, firms and individuals shall pay one-third ( 1/3 ) of the above rates provided in subsection (2).

(Ord. No. 474, § 1, 8-7-56)