™Your Policy Risk Impact Agent
419 chapters · 7,339 sections in this title.
Rev. & Tax. Code § 12073 Section 12073
0.5K chars
“Underwriting profit,” as respects any one calendar year, means the amount arrived at by deducting from the net earned premiums of that calendar year on ocean marine insurance contracts written within the United States: (a) Losses incurred. (b) Expenses incurred. In arriving at “…
Rev. & Tax. Code § 12074 Section 12074
0.6K chars
“Net earned premiums” means the amount arrived at by: (a) Deducting all return premiums, premiums on policies not taken, and premiums paid for reinsurance, from (b) Gross premiums on ocean marine insurance contracts written during the current calendar year, to which remainder is …
Rev. & Tax. Code § 12075 Section 12075
0.3K chars
“Losses incurred” means gross losses incurred during the current calendar year under ocean marine contracts written within the United States, less reinsurance claims collected or collectible and salvages or recoveries collectible from any source applicable to the losses. (Added b…
Rev. & Tax. Code § 12076 Section 12076
0.2K chars
“Expenses incurred” includes specific and general expenses incurred in the current calendar year on ocean marine contracts written within the United States. (Added by Stats. 1941, Ch. 113.)
