(a) The board shall promptly notify the insurer or surplus line broker of a deficiency assessment made against the insurer or surplus line broker.

(b) This section shall become operative on July 1, 2013.

Terms Used In California Revenue and Taxation Code 12427

  • board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
  • Insurer: as used in this part includes each of the following:

    California Revenue and Taxation Code 12003

(Repealed (in Sec. 63) and added by Stats. 2013, Ch. 33, Sec. 64. (SB 78) Effective June 27, 2013. Section operative July 1, 2013.)