California Statutes
§ 12077. — 12077. (Added by Stats. 1941, Ch. 113.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 7. PART 7. INSURANCE TAXATION·Ch. 2. CHAPTER 2. Ocean Marine Insurance·Art. 1. ARTICLE 1. Definitions
“Specific expenses” means expenses incurred directly and specifically in connection with earned ocean marine premiums, including all commissions, agency expenses, taxes, licenses, fees, and loss-adjustment expenses, less recoveries or reimbursements on account of or in connection with the commissions or other expenses collected or collectible because of reinsurance or from any other source.
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California § 12077. (12077. (Added by Stats. 1941, Ch. 113.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1941, Ch. 113.