California Revenue and Taxation Code ARTICLE 3 - Deficiency Assessments

• Section 12421.
  (a) As soon as practicable after an insurer’s or surplus line broker’s return is filed, the commissioner shall examine it, together with any information within his...
• Section 12422.
  (a) If the commissioner determines that the amount of tax disclosed by the insurer’s tax return and assessed by the board is less than the amount...
• Section 12423.
  (a) If an insurer or surplus line broker fails to file a return, the commissioner may require a return by mailing notice to the insurer or...
• Section 12424.
  The board shall make a deficiency assessment on the basis of a proposal submitted to it by the commissioner pursuant to Section 12422 or 12423.(Added...
• Section 12425.
  One or more deficiency assessments may be proposed or made for the amount of tax due for one or for more than one calendar year.(Added...
• Section 12426.
  In making a deficiency assessment the board may offset an overpayment for one calendar year against an underpayment for another calendar year, against penalties and...
• Section 12427.
  (a) The board shall promptly notify the insurer or surplus line broker of a deficiency assessment made against the insurer or surplus line broker.(b) This section shall...
• Section 12428.
  (a) An insurer or surplus line broker against which a deficiency assessment is made under Section 12424 or 12425 may petition for redetermination of the deficiency...
• Section 12429.
  (a) If a petition for redetermination of a deficiency assessment is filed within the time allowed under Section 12428, the board shall reconsider the deficiency assessment...
• Section 12430.
  The board may decrease or increase the amount of the deficiency assessment before the deficiency assessment becomes final, but the amount may be increased only...
• Section 12431.
  (a) The order or decision of the board upon a petition for redetermination of a deficiency assessment becomes final 30 days after service on the insurer...
• Section 12432.
  Except for a notice given pursuant to Section 12430 or 12431, or in the case of fraud or the failure to file a return, every...
• Section 12433.
  (a) If before the expiration of the time prescribed in Section 12432 for giving of a notice of deficiency assessment the insurer or surplus line broker...
• Section 12434.
  (a) Any notice required by this article shall be placed in a sealed envelope, with postage paid, addressed to the insurer or surplus line broker at...
• Section 12435.
  A copy of each notice of a deficiency assessment made by the board shall be transmitted to the commissioner and the Controller. The Controller shall...

Last modified: October 22, 2018