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ORDINANCE NO. 83-5-2380
AN ORDINANCE CREATING SECTION 17-88.5, INSURANCE AGENTS OR SOLICITORS, TO
THE CODE OF ORDINANCES OF THE CITY OF PADUCAH, KENTUCKY
WHEREAS, by Ordinance No. 81-11-2179, insurance agents or solicitors were
included in the business license section of the Code of Ordinances, under Section
17-106, Professionals, and
WHEREAS, said section places insurance agents or solicitors under sched-
ule E of the business license ordinance of the City of Paducah, and
WHEREAS, the commissions received by insurance agents or solicitors are
controlled by insurance companies' contracts, in that charges for insurance are
regulated by the Department of Insurance, and insurance agents or solicitors are
not free to set their own rates for their services, and
WHEREAS, the Board of Commissioners finds that said classification is
inappropriate for insurance agents or solicitors,
FOLLOWS:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY, AS
SECTION 1. That a new section, Section 17-88.5 is hereby created to read
as follows:
"Any person engaging in the business as an insurance agent or insurance
solicitor, shall pay an annual license tax under schedule E of section 17-57,
provided however, the minimum license tax for any such person shall be Seventy-
five Dollars ($75.00), and further provided as follows:
"Gross receipts shall mean net commissions received by said insurance
agent or insurance solicitor.
a. Net commissions shall not include any monies collected and
forwarded to the insurance companies by said agents or
solicitors, except as such money represents actual commis-
sions earned by said insurance agents or insurance solici-
tors.
b. On commissions paid to another insurance agent or insurance
solicitor who possesses a valid business license.
C. Net commissions shall not include commissions earned on risks
located whereupon lives of persons residing outside the
corporate limits of the city of Paducah".
SECTION 2. Insurance agents and insurance solicitors are hereby granted
an extension of time to and including May 31, 1983 to secure their 1983 business
license.
SECTION 3. In order to expedite the collecting of 1983 business license
an emergency is declared to exist and this ordinance shall be in force upon its
passage at one reading, according to law.
JOHN K. PENROD
Mayor
Introduced and passed by the Board of Commissioners May 10, 1983
Recorded by Louise McKinney, City Clerk, May 10, 1983
Published by The Paducah Sun May 16, 1983