California Statutes
§ 12636. — 12636. (Amended by Stats. 2017, Ch. 561, Sec. 231.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 7. PART 7. INSURANCE TAXATION·Ch. 5. CHAPTER 5. Payment and Collection·Art. 2. ARTICLE 2. Interest and Penalties
(a)If the board finds that an insurer’s failure to make a timely return or payment is due to reasonable cause and to circumstances beyond the insurer’s control, and which occurred despite the exercise of ordinary care and in the absence of willful neglect, the insurer may be relieved of the penalty provided by Section 12258, 12287, 12631, 12632, or 12633.
(b)Any insurer seeking to be relieved of the penalty shall file with the board a statement under penalty of perjury setting forth the facts upon which the claim for relief is based.
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California § 12636. (12636. (Amended by Stats. 2017, Ch. 561, Sec. 231.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2017, Ch. 561, Sec. 231. (AB 1516) Effective January 1, 2018.