{"code":"RTC","codeName":"Revenue and Taxation Code","section":"12077","citation":"Rev. & Tax. Code, § 12077","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 7. INSURANCE TAXATION [12001. - 13170.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-7"},{"name":"CHAPTER 2. Ocean Marine Insurance [12071. - 12107.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-7/chapter-2"},{"name":"ARTICLE 1. Definitions [12071. - 12078.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-7/chapter-2/article-1"}],"history":"Added by Stats. 1941, Ch. 113.","effective":null,"html":"<p>“Specific expenses” means expenses incurred directly and specifically in connection with earned ocean marine premiums, including all commissions, agency expenses, taxes, licenses, fees, and loss-adjustment expenses, less recoveries or reimbursements on account of or in connection with the commissions or other expenses collected or collectible because of reinsurance or from any other source.</p>","text":"“Specific expenses” means expenses incurred directly and specifically in connection with earned ocean marine premiums, including all commissions, agency expenses, taxes, licenses, fees, and loss-adjustment expenses, less recoveries or reimbursements on account of or in connection with the commissions or other expenses collected or collectible because of reinsurance or from any other source.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/definitions-12077","source":"California Legislative Information bulk export (pubinfo)"}