§ 13151
65 words·~1 min read·
/ca/revenue-and-taxation-code/13151A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All taxes, interest, and penalties collected under this part shall be transmitted to the State Treasurer to be deposited in the State Treasury to the credit of the Insurance Tax Fund, which is hereby created. Upon transmitting moneys to the State Treasurer, the commissioner shall furnish the Controller with a record of the amounts transmitted and the insurers from whom the moneys have been received.