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 2330.4 - Waiver of Penalty for Failure to Timely Make Payment
Universal Citation: 10 CA Code of Regs 2330.4
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 surplus line broker fails to make a timely payment under any of the circumstances set forth under Section 2330.3(c)(1) through (7) above. A surplus line broker may also be relieved of the penalty for late payment if:
(1)
the surplus line broker failed to receive a tax return because of a change of
address and the Department has been properly informed of the change of
address.
(2) for any other reason, the
surplus line broker has not received a tax return from the Department where the
Department is at fault.
(3) other
situations that clearly demonstrate that failure to make timely payment is beyond
the surplus line broker's control.
1. New section filed 7-21-2008; operative 8-20-2008 (Register 2008, No. 30).
Note: Authority cited: Sections 1775.4(e) and 1775.5(b), Insurance Code. Reference: Sections 1775.4(e) and 1775.5(b), Insurance Code.
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