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 3. All Insurance Other Than Ocean Marine [12201 - 12260]
( Chapter 3 added by Stats. 1941, Ch. 113. ) ARTICLE 1. General [12201 - 12210]
( Heading of Article 1 amended by Stats. 1961, Ch. 740. ) 12210.
(a) A life insurer or life insurance agent shall inform his or her client of the tax imposed under this part.
(b) A life insurer or life insurance agent who quotes only one price that includes the gross premiums tax is exempt from compliance with the requirements of subdivision (a).
(Added by Stats. 2000, Ch. 614, Sec. 1. Effective January 1, 2001.)