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Business Taxes Law Guide—Revision 2024
Tax on Insurers Law
Index
Insurance Taxation
I. Provisions Applicable to All Insurers
III. Insurers Other Than Ocean Marine
I. Provisions Applicable to All Insurers
action to recover taxes overpaid … 13102–13113
action to enjoin collection forbidden … 13101
assignee may not maintain … 13108
Attorney General to defend … 13103
disposition of judgment for plaintiff … 13106
interest … 13107
limitation upon … 13103, … 13105
procedure in … 13102–13105
service of complaint and summons … 13108
assessment
correction, application by taxpayer for … 12428, … 12429
increase or decrease of assessment … 12430
notice of corrections … 12435
correction of duplicate and illegal assessments … 12951, … 12952
manner of making … 12411–12414, … 12421, … 12423
notice of … 12413
service of notice … 12427
time for making … 12424, … 12431
board, defined … 12006
commissioner, defined … 12007
controller, defined … 12008
deficiency
board, by … 12424
date due … 12632–12635
determination of correct amount … 12421
estimated where no return filed … 12423
interest … 12631–12636.5
interest; daily basis … 12631.5
offset of overpayments … 12426
payment to controller … 12601
penalty … 12631–12636
petition for redetermination … 12428–12431
proposed … 12422
definitions … 12001–12009
disposition of proceeds … 13151–13153
electronic funds transfer … 12602
erroneous refund by controller … 12691
insurer, defined … 12003
insurer that has a corporate affiliate that is a health care service plan or health plan, defined; gross premiums tax rate … 12202.2
discharge, how effected … 12494
time of attachment of … 12492
life insurance agent, disclosure of tax … 12210
"Medi-Cal managed care plan" defined … 12009
misdemeanor to transact business for company suspended for nonpayment of … 12832–12834
payment and collection of tax … 13151, … 13152
accounting and disposition of payments … 13151, … 13152
controller, payable to … 12305, … 12601
credit for overpaid taxes … 12977–12984
delinquent, time tax becomes … 12301
action to collect … 12676
attachment … 12680
evidentiary effect of record of assessments … 12681, … 12834
payment of judgment … 12682
procedure in … 12677–12679
service of summons … 12677, … 12679
time for … 12676
venue … 12676
due date … 12301
penalty and interest … 12631–12637
revocation of certificate of authority … 12801–12803
effect of … 12832
tax credit … 12206, … 12208, … 12209
tax return … 12302–12305
time extension … 12306, … 12307
time for payment … 12301, … 12632–12635
State Compensation Insurance Fund … 13153
person defined … 28
taxes, defined … 12005
II. Ocean Marine Insurers
current calendar year, defined … 12072
definitions … 12071–12078
expenses incurred, defined … 12076
general expenses, defined … 12078
losses incurred, defined … 12075
marine insurer, defined … 12004
net earned premiums, defined … 12074
ocean marine insurance, defined … 12002
rate and base of tax … 12101–12105
participating policies, insurers issuing … 12106
reports required of insurance commissioner … 12411
reports required of insurers … 12302–12306
failure to file, procedure and penalty … 12423, … 12424
specific expenses, defined … 12077
underwriting profit, defined … 12073
III. Insurers Other Than Ocean Marine
in lieu of all other taxes and licenses, except … 12204
interest; daily basis … 12631.5
"Medi-Cal managed care plan" defined … 12009
"Total operating revenue" defined … 12241
"Total operating revenue" as basis of tax … 12240
"Total operating revenue" exemption … 12243
prepayments
amounts due, notification … 12252
amounts of prepayment, computation … 12254
credit on annual tax … 12256
computation of amount of prepayment … 12254
extension for prepayment … 12255
interest … 12258
notification, amounts due … 12252
overpayment … 12257
penalty … 12258
prepayments … 12251
relief from penalty … 12260
remittance … 12253
State Compensation Insurance Fund … 12259
rate and base of tax … 12201–12241, … 12251–12258
rate of tax; insurer that has a corporate affiliate that is a health care service plan or health plan … 12202.2
insurers not transacting title insurance business … 12221, … 12222
annuity fund payments … 12222
insurers transacting title insurance business … 12202, … 12231–12233
deductions permitted … 12241
reports required of insurance commissioner … 12411
reports required of insurers … 12302–12306
failure to file, procedure and penalty … 12423
State Compensation Insurance Fund, tax upon … 12203, … 13153
insurer included as … 12003
taxed equally with like funds of private insurers … 12203