California Revenue and Taxation Code ARTICLE 2 - Basis of Tax for Ocean Marine Insurance

• Section 12101.
  Every insurer transacting the business of ocean marine insurance in this State shall annually pay to the State a tax measured by that portion of...
• Section 12102.
  The tax is in lieu of all other state, county and municipal taxes and licenses upon the marine insurer, except taxes upon real estate, any...
• Section 12103.
  Except as otherwise provided in Section 12105, the tax shall be computed each year upon the average annual underwriting profit of the insurer from ocean...
• Section 12104.
  If the insurer has transacted ocean marine insurance in this State in each of the three calendar years immediately preceding the year in which a...
• Section 12105.
  If the insurer has not transacted ocean marine insurance in this State in each of the three calendar years immediately preceding the year in which...
• Section 12106.
  In computing the tax of a marine insurer issuing participating policies, there shall not be included in underwriting profit the amounts refunded by the insurer...
• Section 12107.
  Whenever in this part the date, April 1st, is used as the beginning date for the computation of interest, attachment of penalties, or the fixing...

Last modified: October 22, 2018