City of St. Charles, MO
St. Charles County
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Table of Contents
Table of Contents
Cross Reference—As to withholding insurance proceeds as to damage or loss of building, §500.450.
[R.O. 2009 §122.01; CC 1981 §16-72]
A. 
For the privilege of doing business within the City, insurance companies shall be classified in the following manner and shall pay the following occupational license fees:
1. 
Insurance companies writing fire insurance policies along with any other type of insurance, exclusive of automobile fire insurance, shall pay thirty-five dollars ($35.00) per annum plus three and six-tenths percent (3.6%) on all premiums on fire insurance policies, exclusive of automobile fire insurance.
2. 
Insurance companies writing fire insurance only, exclusive of automobile fire insurance, shall pay three and six-tenths percent (3.6%) on premiums for such policies, exclusive of automobile fire insurance.
3. 
Insurance companies writing insurance policies other than fire insurance, exclusive of automobile fire insurance, shall pay thirty-five dollars ($35.00) per annum.
[R.O. 2009 §122.02; CC 1981 §16-84]
All licenses issued pursuant to the provisions of this Chapter shall expire on the following March thirty-first (31st), it being the intention of this Section to fix March thirty-first (31st) of each calendar year as the expiration date of all licenses issued pursuant to the provisions of this Chapter.
[R.O. 2009 §122.03; CC 1981 §16-85]
A. 
Every insurance company writing policies of fire insurance on any or all classes of property located within the City, excepting only automobile fire insurance risks written under fire and transportation policies, shall pay an occupational fee as required by Section 655.010 on the percentage of the net gross premium or premium collected less all returned premiums actually paid to policy holders. Such license fee shall be computed on the business done from January first (1st) to December thirty-first (31st), inclusive, of the year preceding the year first for which the license is issued.
B. 
Any such company commencing business shall deposit with the City Collector the sum of thirty-five dollars ($35.00) until the time for renewal of the license on or before April first (1st) the following year, at which time any excess beyond three and six-tenths percent (3.6%) of the net gross premiums collected less all returned premiums actually paid to policy holders from the time of commencing until January first (1st) shall be returned to such company or applied as credit on the succeeding year's license.
C. 
Any such company having been in business less than twelve (12) months at the time for making the annual report required by this Article shall, upon application for renewal of license, pay to the City Collector three and six-tenths percent (3.6%) of the sum calculated by prorating or proportioning the gross net premium reported in the annual report to a twelve (12) month basis. Any excess of the sum paid on this calculation over three and six-tenths percent (3.6%) of the gross net premiums reported in the next annual report shall be returned to such company or applied as a credit on the succeeding year's license. The intent of this Section is that no such company shall pay more than three and six-tenths percent (3.6%) of the gross net premiums collected less all returned premiums actually paid to policy holders for the privilege and right to do business in the City.
[R.O. 2009 §122.04; CC 1981 §16-86]
The annual reports of insurance business done during the preceding year and net premiums collected and retained by insurance companies doing business and licensed to do business under the terms and provisions of this Chapter shall be in writing and compiled on a form to be furnished by the City Collector. Such reports shall be made by an authorized representative of such insurance company under oath to be administered by an officer possessing a seal.
[R.O. 2009 §122.05; CC 1981 §16-87]
Every annual report, as referred to in Section 655.040, together with remittance for the total amount of fees due for the particular year, shall be made and filed and the fee paid on or before March thirty-first (31st) of each year.
[R.O. 2009 §122.06; CC 1981 §16-88]
The insurance company or corporation, against which an occupational license fee is levied pursuant to this Chapter, shall be solely and primarily liable and responsible to the City for the accounting for such fee and its payment and shall be punishable under the laws of this State or other competent jurisdiction for any false statements or representations made or set forth in any written report hereinabove called for, for the purpose of calculating the amount of the fee due to the City.