related person insurance income

(2) Related person insurance income For purposes of this subsection, the term “related person insurance income” means any insurance income (within the meaning of subsection (a)) attributable to a policy of insurance or reinsurance with respect to which the person (directly or indirectly) insured is a United States shareholder in the foreign corporation or a related person to such a shareholder.

Source

26 USC § 953(c)(2)


Scoping language

For purposes of this subsection
Is this correct? or