(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).

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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.)