Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Tax on Insurers Annotations
Revenue and Taxation Code section 12258 imposes a penalty on any insurer who fails to timely pay a prepayment. An insurer seeking relief from the penalty is required to file a statement with the Board, signed under penalty of perjury, setting forth the facts upon which the request for relief is based. (Revenue and Taxation Code section 12636.) The Board has the sole jurisdiction to grant or deny an insurer's request for relief from the penalty. 12/2/96.