permitted insurance
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 220 — for purposes of this section (2 versions over time)
The term “permitted insurance” means—
(A) insurance if substantially all of the coverage provided under such insurance relates to—
(i) liabilities incurred under workers’ compensation laws,
(ii) tort liabilities,
(iii) liabilities relating to ownership or use of property, or
(iv) such other similar liabilities as the Secretary may specify by regulations,
(B) insurance for a specified disease or illness, and
(C) insurance paying a fixed amount per day (or other period) of hospitalization.
26 U.S.C. § 223 — for purposes of this section
The term “permitted insurance” means—
(A) insurance if substantially all of the coverage provided under such insurance relates to—
(i) liabilities incurred under workers’ compensation laws,
(ii) tort liabilities,
(iii) liabilities relating to ownership or use of property, or
(iv) such other similar liabilities as the Secretary may specify by regulations,
(B) insurance for a specified disease or illness, and
(C) insurance paying a fixed amount per day (or other period) of hospitalization.