General deductions.

(i) General deductions. The term general deductions is defined in section 848(c)(2). An insurance company determines its general deductions for the taxable year without regard to amounts capitalized or amortized under section 848(a). The amount of a company's general deductions is also determined without regard to the rules of 1.848-2(f), which apply only for purposes of determining net consideration for reinsurance agreements.


26 CFR § 1.848-1

Scoping language

Is this correct? or