§ 2325. Filing Statement for Computation of Retaliatory Tax.

Annually, on or before May 1st, every foreign insurer engaged in the business of insurance in the State of California in the preceding calendar year shall file with the Insurance Commissioner a statement in the form prescribed by him setting forth such information as will permit the commissioner to properly administer the retaliatory provisions of Article 1.5, Chapter 1, Part 2, Division 1 (Sections 685-685.4) of the Insurance Code. The commissioner may waive such filing with respect to the insurers of a state or province or of any class of insurers of a state or province if he determines after an analysis of the laws of such state or province relating to taxes, licenses and fees and their application by that state or province and of such laws of the State of California and their application that under no circumstances will a retaliatory tax be due from such insurers.

NOTE: The Insurance Commissioner has approved the manuals named in this Article 7. These manuals are filed but for the present are separately published, not as part of the California Administrative Code. Those manuals not printed herein may be examined at the offices of the Insurance Commissioner in San Francisco, Los Angeles, Sacramento and San Diego. The manuals will be published and copies will be made available to the public at nominal cost by the Workers' Compensation Insurance Rating Bureau of California at its San Francisco, California, office.

HISTORY

1. New section filed 2-19-60 as an emergency; effective upon filing (Register 60, No. 4).

2. Amendment filed 4-26-60; effective thirtieth day thereafter (Register 60, No. 10).

Note

Note: Authority cited: Section 685.3, Insurance Code. Reference: Sections 685-685.4, Insurance Code.