Revenue and Taxation Code - RTC
DIVISION 2. OTHER TAXES [6001 - 61050]
( Heading of Division 2 amended by Stats. 1968, Ch. 279. ) PART 7. INSURANCE TAXATION [12001 - 13170]
( Part 7 added by Stats. 1941, Ch. 113. ) CHAPTER 2. Ocean Marine Insurance [12071 - 12107]
( Chapter 2 added by Stats. 1941, Ch. 113. ) ARTICLE 1. Definitions [12071 - 12078]
( Article 1 added by Stats. 1941, Ch. 113. ) 12077.
“Specific expenses” means expenses incurred directly and specifically in connection with earned ocean marine premiums, including all commissions, agency expenses, taxes, licenses, fees, and loss-adjustment expenses, less recoveries or reimbursements on account of or in connection with the commissions or other expenses collected or collectible because of reinsurance or from any other source.
(Added by Stats. 1941, Ch. 113.)