Section 11-903. Tax on premiums on policies of foreign and alien insurers

There shall be paid to the department of finance for the use and benefit
  of the fire department of the city, on or before the first day of March,
  in each year by every foreign  and  alien  fire  insurance  corporation,
  association  or individuals which insure property against loss or damage
  by fire, the sum of two percent of all gross direct premiums less return
  premiums which, during the year ending on the preceding thirty-first day
  of December, shall have been  received  by  any  such  insurer  for  any
  insurance  against  loss or damage by fire in the city. Any such insurer
  which in any year shall cease or terminate doing business  in  the  city
  shall  pay the tax for such year within thirty days after such cessation
  or termination.