Revenue and Taxation Code section 12232

“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.

Source: Section 12232, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=12232.­ (updated Jan. 1, 1961; accessed Jul. 7, 2025).

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Verified:
Jul. 7, 2025

§ 12232's source at ca​.gov