Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2021
Tax on Insurers Annotations
An admitted captive insurer which contracts with its parent corporation or other affiliated entities to indemnify them from loss, damage, or liability from a contingent or unknown act, is regulated by the Commissioner as an insurer and is subject to the California gross premiums tax. 2/05/98. (M99–1, Am. 2003–3).