Section 12260 - Relief from obligation to make prepayments(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.Ca. Rev. and Tax. Code § 12260
Added by Stats 2014 ch 362 (AB 2734),s 8, eff. 1/1/2015.