Section 12491 - Lien on property and franchises; effect of judgment against insurer(a) Every tax levied upon an insurer under the provisions of Article XIII of the California Constitution and of this part is a lien upon all property and franchises of every kind and nature belonging to the insurer, and has the effect of a judgment against the insurer.(b)(1) Every tax levied upon a surplus line broker under Part 7.5 (commencing with Section 13201) is a lien upon all property and franchises of every kind and nature belonging to the surplus line broker, and has the effect of a judgment against the surplus line broker.(2) A lien levied pursuant to this subdivision shall not exceed the amount of unpaid tax collected by the surplus line broker.Ca. Rev. and Tax. Code § 12491
Amended by Stats 2017 ch 561 (AB 1516),s 230, eff. 1/1/2018.Added by Stats 2013 ch 33 (SB 78),s 82, eff. 6/27/2013.