specified policy acquisition expenses
(1) In general The term “specified policy acquisition expenses” means, with respect to any taxable year, so much of the general deductions for such taxable year as does not exceed the sum of— (A) 2.09 percent of the net premiums for such taxable year on specified insurance contracts which are annuity contracts, (B) 2.45 percent of the net premiums for such taxable year on specified insurance contracts which are group life insurance contracts, and (C) 9.2 percent of the net premiums for such taxable year on specified insurance contracts not described in subparagraph (A) or (B).