exempt contract
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 953 — for purposes of this section
The term “exempt contract” means an insurance or annuity contract issued or reinsured by a qualifying insurance company or qualifying insurance company branch in connection with property in, liability arising out of activity in, or the lives or health of residents of, a country other than the United States.