26 U.S.C. § 803
Life insurance gross income
# (a) In general
For purposes of this part, the term “life insurance gross income” means the sum of the following amounts: (1) Premiums (A) The gross amount of premiums and other consideration on insurance and annuity contracts, less (B) return premiums, and premiums and other consideration arising out of indemnity reinsurance. (2) Decreases in certain reserves Each net decrease in reserves which is required by section 807(a) to be taken into account under this paragraph. (3) Other amounts All amounts not includible under paragraph (1) or (2) which under this subtitle are includible in gross income.
# (b) Special rules for premiums
(1) Certain items included For purposes of subsection (a)(1)(A), the term “gross amount of premiums and other consideration” includes— (A) advance premiums, (B) deposits, (C) fees, (D) assessments, (E) consideration in respect of assuming liabilities under contracts not issued by the taxpayer, and (F) the amount of policyholder dividends reimbursable to the taxpayer by a reinsurer in respect of reinsured policies, on insurance and annuity contracts. (2) Policyholder dividends excluded from return premiums For purposes of subsection (a)(1)(B)— (A) In general Except as provided in subparagraph (B), the term “return premiums” does not include any policyholder dividends. (B) Exception for indemnity reinsurance Subparagraph (A) shall not apply to amounts of premiums or other consideration returned to another life insurance company in respect of indemnity reinsurance.
Source: view the official text
Cited by 21
- 26 CFR § 1.46-7 — Statutory provisions; plan requirements for taxpayers electing additional investment credit, etc.
- 26 CFR § 1.46-8 — Requirements for taxpayers electing additional one-percent investment credit (TRASOP's).
- 26 CFR § 1.46-9 — Requirements for taxpayers electing an extra one-half percent additional investment credit.
- 26 CFR § 1.594-1 — Mutual savings banks conducting life insurance business.
- 26 CFR § 1.59A-0 — Table of contents.
- 26 CFR § 1.59A-2 — Applicable taxpayer.
- 26 CFR § 1.59A-3 — Base erosion payments and base erosion tax benefits.
- 26 CFR § 1.801-1 — Definitions.
- 26 CFR § 1.818-6 — Transitional rule for change in method of accounting.
- 26 CFR § 1.822-3 — Amortization of premium and accrual of discount.
- 26 CFR § 1.832-1 — Gross income.
- 26 CFR § 1.832-4 — Gross income.
Show 9 more
- 26 CFR § 1.848-3 — Interim rules for certain reinsurance agreements.
- 26 CFR § 1.861-8 — Computation of taxable income from sources within the United States and from other sources and activities.
- 26 CFR § 1.921-1T — Temporary regulations providing transition rules for DISCs and FSCs.
- 26 CFR § 301.9100-7T — Time and manner of making certain elections under the Tax Reform Act of 1986.
- 26 CFR § 54.4975-11 — “ESOP” requirements.
- 26 U.S.C. § 59A — Tax on base erosion payments of taxpayers with substantial gross receipts
- 26 U.S.C. § 807 — Rules for certain reserves
- 26 U.S.C. § 848 — Capitalization of certain policy acquisition expenses
- 26 U.S.C. § 953 — Insurance income
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