Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Tax on Insurers Law

Chapter 3. All Insurance Other Than Ocean Marine.

Article 3. Basis of Tax for Title Insurers

Section 12232

12232. "Investments" defined. "Investments," as used in Section 12231, includes property acquired by an insurer in the settlement or adjustment of claims against it but excludes investments in title plants and title records. Income derived directly or indirectly from the use of title plants and title records is included in the basis of the tax.

History.—Added by Stats. 1961, p. 1983, operative January 1, 1962. Derived from former Section 12254.