Revenue and Taxation Code section 12260

(a)

Notwithstanding any other provision of this article, the commissioner may relieve an insurer of its obligation to make prepayments if the insurer establishes to the satisfaction of the commissioner that either the insurer has ceased to transact insurance in this state, or the insurer’s annual tax for the current year will be less than twenty thousand dollars ($20,000).

(b)

This section shall become operative on July 1, 2013.

Source: Section 12260, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=12260.­ (updated Jan. 1, 2015; accessed Aug. 11, 2025).

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Verified:
Aug. 11, 2025

§ 12260's source at ca​.gov