§ 14-105. Same—On all other insurers.

There is levied for each year an annual tax based solely upon gross direct premiums 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 state in an amount equal to the percentage of the gross direct premiums received during the preceding calendar year in accordance with O.C.G.A. § 33-8-8.2 established in section 12-14. The term "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 section 14-101.

(Code 1998, § 22-141; Ord. of 10-18-1994, § 5)