California Code
PART 7 - INSURANCE TAXATION
CHAPTER 2 - Ocean Marine Insurance

ARTICLE 1 - Definitions

Section 12071. - 12071. The definitions contained in this article apply with respect...

Section 12072. - 12072. “Current calendar year” means the calendar year for which...

Section 12073. - 12073. “Underwriting profit,” as respects any one calendar year, means...

Section 12074. - 12074. “Net earned premiums” means the amount arrived at by:...

Section 12075. - 12075. “Losses incurred” means gross losses incurred during the current...

Section 12076. - 12076. “Expenses incurred” includes specific and general expenses incurred in...

Section 12077. - 12077. “Specific expenses” means expenses incurred directly and specifically in...

Section 12078. - 12078. “General expenses” means the portion of expenses not chargeable...

ARTICLE 2 - Basis of Tax for Ocean Marine Insurance

Section 12101. - 12101. Every insurer transacting the business of ocean marine insurance...

Section 12102. - 12102. The tax is in lieu of all other state,...

Section 12103. - 12103. Except as otherwise provided in Section 12105, the tax...

Section 12104. - 12104. If the insurer has transacted ocean marine insurance in...

Section 12105. - 12105. If the insurer has not transacted ocean marine insurance...

Section 12106. - 12106. In computing the tax of a marine insurer issuing...

Section 12107. - 12107. Whenever in this part the date, April 1st, is...