GroundRules
RTC § 12260
Where this section sits in the code
- Revenue and Taxation Code - RTC
- DIVISION 2. OTHER TAXES [6001. - 61050.]
- PART 7. INSURANCE TAXATION [12001. - 13170.]
- CHAPTER 3. All Insurance Other Than Ocean Marine [12201. - 12260.]
- ARTICLE 5. Prepayments [12251. - 12260.]
(a) Notwithstanding any other provision of this article, the commissioner may relieve an insurer of its obligation to make prepayments if the insurer establishes to the satisfaction of the commissioner that either the insurer has ceased to transact insurance in this state, or the insurer’s annual tax for the current year will be less than twenty thousand dollars ($20,000).
(b) This section shall become operative on July 1, 2013.
Collected 2026-09-14T05:56:33Z. Source file · JSON