12433. Waiver of limitation. (a) If before the expiration of the time prescribed in Section 12432 for giving of a notice of deficiency assessment the insurer, 
surplus line broker, or Medi-Cal managed care plan has consented in writing to the giving of the notice after that time, the notice may be given at any time prior to the expiration of the time agreed upon. The period so agreed upon may be extended by subsequent agreements in writing made before the expiration of the period previously agreed upon.
(b) This section shall remain in effect only until January 1, 2011, and as of that date is repealed.
History.—Added by Stats. 1961, p. 1987, operative January 1, 1962. Stats. 1995, Ch. 721, in effect January 1, 1996, added "or surplus line broker" after "assessment the insurer" in the first sentence. Stats. 2009, Ch. 157 (AB 1422), in effect September 22, 2009, designatd the first paragraph as subdivision (a), deleted "or" and added a comma before "surplus line broker", added ", or Medi-Cal managed care plan" after "surplus line broker", and substituted "that" for "such" after "giving of the notice after" in subdivision (a); and added subdivision (b).
12433. Waiver of limitation. (a) If before the expiration of the time prescribed in Section 12432 for giving of a notice of deficiency assessment the insurer or surplus line broker has consented in writing to the giving of the notice after that time, the notice may be given at any time prior to the expiration of the time agreed upon. The period so agreed upon may be extended by subsequent agreements in writing made before the expiration of the period previously agreed upon.
(b) This section shall become operative on January 1, 2011.
History.—Added by Stats. 2009, Ch. 157 (AB 1422), in effect September 22, 2009, but operative January 1, 2011.
* Stats. 1961, p. 1984, operative January 1, 1962, amended the title of Chapter 4 by substituting "Effect of Tax" for "Levy".
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