ARTICLE 2. Basis of Tax for Ocean Marine Insurance [12101. - 12107.]

Heading of Article 2 amended by Stats. 1961, Ch. 740.

§§ 12101–12107 · 7 sections

• § 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 the…
• § 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 retaliatory…
• § 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 marine…
• § 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 tax return is…
• § 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 a tax return…
• § 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…
• § 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 of periods of…