total insurance liabilities
Defined in 1 place of the United States Code.
In the case of a company taxable under part I, the term “total insurance liabilities” means the sum of the total reserves (as defined in section 816(c)) plus (to the extent not included in total reserves) the items referred to in paragraphs (3), (4), (5), and (6) of section 807(c).
Source
- 1994–present26 U.S.C. § 842Internal Revenue Code · Foreign companies carrying on insurance business · in this section
In the case of a company taxable under part II, the term “total insurance liabilities” means the sum of unearned premiums and unpaid losses.
Source
- 1994–present26 U.S.C. § 842Internal Revenue Code · Foreign companies carrying on insurance business · in this section