§ 12077
53 words·~1 min read·
/ca/revenue-and-taxation-code/12077A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Specific expenses” means expenses incurred directly and specifically in connection with earned ocean marine premiums, including all commissions, agency expenses, taxes, licenses, fees, and loss-adjustment expenses, less recoveries or reimbursements on account of or in connection with the commissions or other expenses collected or collectible because of reinsurance or from any other source.