dividends to policyholders

(2) Dividends to policyholders The term “dividends to policyholders” means dividends and similar distributions paid or declared to policyholders. For purposes of the preceding sentence, the term “paid or declared” shall be construed according to the method regularly employed in keeping the books of the insurance company.


26 USC § 834(e)(2)

Scoping language

For purposes of this part
Is this correct? or