California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 6.5 - Guidelines for Waiver of Penalty for Non-Use of Electronic Funds Transfer or for Non-Timely Payment of Taxes
Section 2330.3 - Waiver of Penalty for Failure to Pay Taxes by EFT
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) The penalty set forth above in Section 2330.1 may be waived if the taxpayer's failure to pay taxes by EFT is due to reasonable cause or circumstances beyond the taxpayer's control.
(b) In order for the penalty to be waived, the taxpayer seeking a waiver must file with the Insurance Commissioner a written request under penalty of perjury, stating the facts upon which a request for a waiver is based. Each request for a waiver shall be evaluated on its own merits.
(c) The request for a waiver shall be granted if the taxpayer fails to make payment by electronic funds transfer under any of the following circumstances:
1. New section filed 7-21-2008; operative 8-20-2008 (Register 2008, No. 30).
Note: Authority cited: Sections 1775.4(e), 1775.5(b), 1775.8(c)(2) and 12976.5(c)(2), Insurance Code: and Section 12602(c)(2), Revenue and Taxation Code. Reference: Sections 1775.4(e), 1775.5(b), 1775.8(c)(2) and 12976.5(c)(2), Insurance Code; and Section 12602, Revenue and Taxation Code.