{"code":"RTC","codeName":"Revenue and Taxation Code","section":"12232","citation":"Rev. & Tax. Code, § 12232","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 3. All Insurance Other Than Ocean Marine [12201. - 12260.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-7/chapter-3"},{"name":"ARTICLE 3. Basis of Tax for Title Insurers [12231. - 12232.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-7/chapter-3/article-3"}],"history":"Added by Stats. 1961, Ch. 740.","effective":null,"html":"<p>“Investments,” as used in Section <a href=\"/rtc/12231\">12231</a>, includes property acquired by an insurer in the settlement or adjustment of claims against it but excludes investments in title plants and title records. Income derived directly or indirectly from the use of title plants and title records is included in the basis of the tax.</p>","text":"“Investments,” as used in Section 12231, includes property acquired by an insurer in the settlement or adjustment of claims against it but excludes investments in title plants and title records. Income derived directly or indirectly from the use of title plants and title records is included in the basis of the tax.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/basis-of-tax-for-title-insurers-12232","source":"California Legislative Information bulk export (pubinfo)"}