§ 1.804-3 Gross investment income of a life insurance company.§ 1.804-4 Investment yield of a life insurance company.
Amended 1986, 2017
- 2017 Pub. L. 115-97 Pub. L. 115–97 substituted “means the general deductions provided in section 805.” for “means—
“(1) the general deductions provided in section 805, and
“(2) the small life insurance company deduction (if any) determined under section 806(a).”
- 1986 Pub. L. 99-514 Pub. L. 99–514 redesignated par. (3) as (2), substituted “section 806(a)” for “section 806(b)”, and struck out former par. (2), which read as follows: “the special life insurance company deduction determined under section 806(a), and”.
Cases: Prudential Ins. Co. of America v. Commissioner, 882 F.2d 832 (3rd Cir. 1989); Bankers Union Life Ins. Co. v. Commissioner, 62 T.C. 661 (1974); Lutheran Mutual Life Ins. Co. v. United States, 816 F.2d 376 (8th Cir. 1987)
Final rules 1
For purposes of this part, the term “life insurance deductions” means the general deductions provided in section 805.