Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Tax on Insurers Law

Chapter 6. Suspension of Rights of Delinquent Insurers.

Article 1. Revocation of Certificate of Authority

Section 12803

12803. Restoration of certificate. An insurer whose certificate of authority has been revoked pursuant to this article may have the certificate restored by the commissioner during the period for which it was issued upon the payment by the insurer of all taxes, interest, and penalties due from it and the payment to the commissioner of a fee of five hundred dollars ($500).

History.—Stats. 1959, p. 1893, in effect April 1, 1959, inserted "interest," before "and penalties due." Stats. 1961, p. 1990, operative January 1, 1962, deleted "Insurance" before "commissioner." Stats. 1965, p. 1831, in effect September 17, 1965, substituted "five hundred dollars ($500)" for "ten dollars ($10)".

Note.—For provisions relating to revivor of corporate powers suspended or forfeited prior to June 12, 1939, see Corporations Code Sections 5702–5705.