premiums paid

(B)The term “premiums paid” means the premiums paid under the contract less any amounts (other than amounts includible in gross income) to whichapplies. If, in order to comply with the requirements of paragraph (1)(A), any portion of any premium paid during any contract year is returned by the insurance company (with interest) within 60 days after the end of a contract year— (i)the amount so returned (excluding interest) shall be deemed to reduce the sum of the premiums paid under the contract during such year, and (ii)notwithstanding the provisions of section 72(e), the amount of any interest so returned shall be includible in the gross income of the recipient.


26 USC § 101(f)(3)(B)

Scoping language

None: Default is title Scope
Is this correct? or