What is the basic gross premium tax rate imposed on most admitted insurers' California-written premium under Rev. & Tax. Code § 12202?

Why this is the answer

California imposes a gross premium tax under Rev. & Tax. Code § 12202 at a rate of 2.35 percent on most admitted insurers' California direct gross premiums (less return premiums). The tax is collected by CDI for the Franchise Tax Board / Board of Equalization and is largely 'in lieu of' state corporate income tax and most other state and local taxes on insurers (Cal. Const. art. XIII, § 28). Surplus lines premium is taxed at 3% under Ins. Code § 1775.5; ocean marine insurance is taxed on underwriting profit under Rev. & Tax. Code § 12101. See Rev. & Tax. Code § 12202.