Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 12075 — Definitions
Cal. Rev. & Tax. Code § 12075
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Losses incurred” means gross losses incurred during the current calendar year under ocean marine contracts written within the United States, less reinsurance claims collected or collectible and salvages or recoveries collectible from any source applicable to the losses.
Citator
Cal. Rev. & Tax. Code § 12075 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“Losses incurred” means gross losses incurred during the current calendar year under ocean marine contracts written within the United States, less reinsurance claims collected or collectible and salvages or recoveries collectible from any source applicable to the losses.