insurance business
Defined in 1 place of the United States Code.
For purposes of subclause (I), the term “insurance business” means any business which is not a noninsurance business (within the meaning of section 453B(e)(3)).
Source
- 2017–present26 U.S.C. § 465Internal Revenue Code · Deductions limited to amount at risk · for purposes of this section
For purposes of subclause (I), the term “insurance business” means any business which is not a noninsurance business (within the meaning of section 806(b)(3)).
Source
- 1994–201726 U.S.C. § 465Internal Revenue Code · Deductions limited to amount at risk · for purposes of this section