The gross amount of premiums and other consideration
(2) Items included. The gross amount of premiums and other consideration includes (i) Advance premiums; (ii) Amounts in a premium deposit fund or similar account, to the extent provided in paragraph (b)(3) of this section; (iii) Fees; (iv) Assessments; (v) Amounts that the insurance company charges itself representing premiums with respect to benefits for its employees (including full-time life insurance salesmen treated as employees under section 7701(a)(20)); and (vi) The value of a new contract issued in an exchange described in paragraph (c)(2) or (c)(3) of this section. (3) Treatment of premium deposits(i) In general. An amount in a premium deposit fund or similar account is taken into account in determining the gross amount of premiums and other consideration at the earlier of the time that the amount is applied to, or irrevocably committed to, the payment of a premium on a specified insurance contract. If an amount is irrevocably committed to the payment of a premium on a specified insurance contract, then neither that amount nor any earnings allocable to that amount are included in the gross amount of premiums and other consideration when applied to the payment of a premium on the same contract. (ii) Amounts irrevocably committed to the payment of premiums. Except as provided in paragraph (b)(3)(iii) of this section, an amount in a premium deposit fund or similar account is irrevocably committed to the payment of premiums on a contract only if neither the amount nor any earnings allocable to that amount may be (A) Returned to the policyholder or any other person (other than on surrender of the contract); or (B) Used by the policyholder to fund another contract. (iii) Retired lives reserves. Premiums received by an insurance company under a retired lives reserve arrangement are treated as irrevocably committed to the payment of premiums on a specified insurance contract. (4) Deferred and uncollected premiums. The gross amount of premiums and other consideration does not include deferred and uncollected premiums.