California § 12101. 12101. (Added by Stats. 1941, Ch. 113.)

California Statutes

§ 12101. — 12101. (Added by Stats. 1941, Ch. 113.)

California § 12101.

JurisdictionCalifornia

Code RTCRevenue and Taxation Code - RTC

Div. 2.DIVISION 2. OTHER TAXES

Part 7.PART 7. INSURANCE TAXATION

Ch. 2.CHAPTER 2. Ocean Marine Insurance

Art. 2.ARTICLE 2. Basis of Tax for Ocean Marine Insurance

This text of California § 12101. (12101. (Added by Stats. 1941, Ch. 113.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Revenue and Taxation Code - RTC Code § 12101. (2026).

Text

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 underwriting profit of the insurer from ocean marine insurance written in the United States, which the gross premiums of the insurer from ocean marine insurance written in this State bear to the gross premiums of the insurer from ocean marine insurance written within the United States, at the rate of 5 per cent.

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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 underwriting profit of the insurer from ocean marine insurance written in the United States, which the gross premiums of the insurer from ocean marine insurance written in this State bear to the gross premiums of the insurer from ocean marine insurance written within the United States, at the rate of 5 per cent.

Legislative History

Added by Stats. 1941, Ch. 113.

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California § 12101., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/12101..