Carpenter v. Pacific Coast Ins. Assn.

Pacific Coast Insurance Association was an insurance company doing business in California throughout the year 1931, and until January 19, 1932. On that date it was adjudged insolvent and ordered liquidated by the Insurance Commissioner iiursuant to statute. (Peering’s Gen. Law, Act 3739.) The said company did not file a tax report with the Insurance Commissioner in 1932, and the Insurance Commissioner did not file a report in said year with the state board of equalization, as required by statute. (Pol. Code, sec. 3666a.) Consequently the board did not assess a tax in said year on the gross…