{"code":"RTC","codeName":"Revenue and Taxation Code","section":"12106","citation":"Rev. & Tax. Code, § 12106","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 2. Basis of Tax for Ocean Marine Insurance [12101. - 12107.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-7/chapter-2/article-2"}],"history":"Added by Stats. 1961, Ch. 740.","effective":null,"html":"<p>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 on account of premiums previously paid by its policyholders.</p>","text":"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 on account of premiums previously paid by its policyholders.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/basis-of-tax-for-ocean-marine-insurance-12106","source":"California Legislative Information bulk export (pubinfo)"}