California Revenue and Taxation Code

§ 12106

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

RTC § 12106Div. 2 · Part 7 · Ch. 2 · Art. 2

Statute text

View on leginfo.ca.gov

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.

Legislative history

Added by Stats. 1961, Ch. 740.