Section 12106.

Cal. Revenue and Taxation Code - RTC § 12106.
in effect
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In computing the tax of a marine insurer issuing participating policies, there shall not be included in underwriting profit the amounts refunded by the insurer on account of premiums previously paid by its policyholders.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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Cal. Revenue and Taxation Code - RTC § 12106. — Section 12106 | Revenue and Taxation Code - RTC | Corpus