section 7702 valuation interest rate
Defined in 1 place of the United States Code.
The term "section 7702 valuation interest rate" means, with respect to any adjustment year, the prescribed U.S. valuation interest rate for life insurance with guaranteed durations of more than 20 years (as defined in the National Association of Insurance Commissioners' Standard Valuation Law) as effective in the calendar year immediately preceding such adjustment year.
Source
- 2020–present26 U.S.C. § 7702Internal Revenue Code · Life insurance contract defined · for purposes of this section