Rev. & Tax. Code, § 12074 · Article 1. Definitions
Rev. & Tax. Code, § 12074
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
“Net earned premiums” means the amount arrived at by:
(a) Deducting all return premiums, premiums on policies not taken, and premiums paid for reinsurance, from
(b) Gross premiums on ocean marine insurance contracts written during the current calendar year, to which remainder is added
(c) Unearned premiums on outstanding ocean marine business at the end of the preceding calendar year, and from which sum is deducted
(d) Unearned premiums on outstanding ocean marine business at the end of the current calendar year.
Notes and commentary — not statutory text
History
Added by Stats. 1941, Ch. 113.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=12074.
- Text hash
- sha256 dc32b80b39cd132dd267a913a351db52fe85b6f0f05453a8b71cf29da037f507
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.