BlackletterCalifornia law

Revenue and Taxation Code § 12106

ARTICLE 2. Basis of Tax for Ocean Marine Insurance

Current as of September 28, 2026Rev. & Tax. Code, § 12106Official source ↗

Added by Stats. 1961, Ch. 740.

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.