Section 12103.

Cal. Revenue and Taxation Code - RTC § 12103.
in effect
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Except as otherwise provided in Section 12105, the tax shall be computed each year upon the average annual underwriting profit of the insurer from ocean marine insurance during the preceding three calendar years.

References

referencesCal. Revenue and Taxation Code - RTC § 12105.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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