Effective Jan 1, 2001Added by Stats. 2000, Ch. 614, Sec. 1. Effective January 1, 2001.
(a) A life insurer or life insurance agent shall inform his or her client of the tax imposed under this part.
(b) A life insurer or life insurance agent who quotes only one price that includes the gross premiums tax is exempt from compliance with the requirements of subdivision (a).