employer-owned life insurance contract

(A)For purposes of this subsection, the term “employer-owned life insurance contract” means a life insurance contract which— (i)is owned by a person engaged in a trade or business and under which such person (or a related person described in subparagraph (B)(ii)) is directly or indirectly a beneficiary under the contract, and (ii)covers the life of an insured who is an employee with respect to the trade or business of the applicable policyholder on the date the contract is issued. (B)For purposes of this subsection—

Source

26 USC § 101(j)(3)(A)


Scoping language

None: Default is title Scope
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