qualified 20-pay contract

(2) Qualified 20-pay contract For purposes of paragraph (1), the term “qualified 20-pay contract” means any contract which— (A) requires at least 20 nondecreasing annual premium payments, and (B) is issued pursuant to an existing plan of insurance.

Source

26 USC § 7702(i)(2)


Scoping language

None identified. Default scope is assumed to be the entire title.
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