26 U.S. Code § 803 - Life insurance gross income
Each net decrease in reserves which is required by section 807(a) to be taken into account under this paragraph.
All amounts not includible under paragraph (1) or (2) which under this subtitle are includible in gross income.
Except as provided in subparagraph (B), the term “return premiums” does not include any policyholder dividends.
Subparagraph (A) shall not apply to amounts of premiums or other consideration returned to another life insurance company in respect of indemnity reinsurance.
A prior section 803, acts Aug. 16, 1954, ch. 736, 68A Stat. 256; Mar. 13, 1956, ch. 83, § 2, 70 Stat. 39, related to income and deductions in the case of life insurance companies, prior to the general revision of this part by Pub. L. 86–69, § 2(a), June 25, 1959, 73 Stat. 112.
Written determinations for this section
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