underwriting income
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
United States Supreme Court
the premiums earned on insurance contracts during the taxable year less losses incurred and expenses incurred.
Defined by the Supreme Court in Bowers v. Lawyers' Mortg Co, 285 U.S. 182 (1932).
United States Code
26 U.S.C. § 832 — in this section
The term “underwriting income” means the premiums earned on insurance contracts during the taxable year less losses incurred and expenses incurred.