(a) A life insurer or life insurance agent shall inform his or her client of the tax imposed under this part.

(b) A life insurer or life insurance agent who quotes only one price that includes the gross premiums tax is exempt from compliance with the requirements of subdivision (a).

Terms Used In California Revenue and Taxation Code 12210

  • Insurer: as used in this part includes each of the following:

    California Revenue and Taxation Code 12003

(Added by Stats. 2000, Ch. 614, Sec. 1. Effective January 1, 2001.)