applicable home country risks
Defined in 1 place of the United States Code.
The term “applicable home country risks” means risks in connection with property in, liability arising out of activity in, or the lives or health of residents of, the home country of the qualifying insurance company or qualifying insurance company branch, as the case may be, issuing or reinsuring the contract covering the risks.
Source
- 1998–present26 U.S.C. § 953Internal Revenue Code · Insurance income · for purposes of this section