ARTICLE 3. Deficiency Assessments [12421. - 12435.]
Article 3 repealed (comm. with Section 12462) and added by Stats. 1961, Ch. 740.
§§ 12421–12435 · 15 sections
- § 12421 (a) As soon as practicable after an insurer’s or surplus line broker’s return is filed, the commissioner shall examine it, together with any information within…
- § 12422 (a) If the commissioner determines that the amount of tax disclosed by the insurer’s tax return and assessed by the board is less than the amount of tax…
- § 12423 (a) If an insurer or surplus line broker fails to file a return, the commissioner may require a return by mailing notice to the insurer or surplus line broker…
- § 12424 The board shall make a deficiency assessment on the basis of a proposal submitted to it by the commissioner pursuant to Section 12422 or 12423.
- § 12425 One or more deficiency assessments may be proposed or made for the amount of tax due for one or for more than one calendar year.
- § 12426 In making a deficiency assessment the board may offset an overpayment for one calendar year against an underpayment for another calendar year, against…
- § 12427 (a) The board shall promptly notify the insurer or surplus line broker of a deficiency assessment made against the insurer or surplus line broker. (b) This…
- § 12428 (a) An insurer or surplus line broker against which a deficiency assessment is made under Section 12424 or 12425 may petition for redetermination of the…
- § 12429 (a) If a petition for redetermination of a deficiency assessment is filed within the time allowed under Section 12428, the board shall reconsider the…
- § 12430 The board may decrease or increase the amount of the deficiency assessment before the deficiency assessment becomes final, but the amount may be increased only…
- § 12431 (a) The order or decision of the board upon a petition for redetermination of a deficiency assessment becomes final 30 days after service on the insurer or…
- § 12432 Except for a notice given pursuant to Section 12430 or 12431, or in the case of fraud or the failure to file a return, every notice of a deficiency assessment…
- § 12433 (a) If before the expiration of the time prescribed in Section 12432 for giving of a notice of deficiency assessment the insurer or surplus line broker has…
- § 12434 (a) Any notice required by this article shall be placed in a sealed envelope, with postage paid, addressed to the insurer or surplus line broker at its address…
- § 12435 A copy of each notice of a deficiency assessment made by the board shall be transmitted to the commissioner and the Controller. The Controller shall keep an…