# 26 U.S.C. § 812: Definition of company’s share and policyholder’s share

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s812>. Cite pinpoints as 26 U.S.C. § 812(a)(1).

## § 812(a) Company’s share

For purposes of section 805(a)(4), the term “company’s share” means, with respect to any taxable year beginning after December 31, 2017, 70 percent.

## § 812(b) Policyholder’s share

For purposes of section 807, the term “policyholder’s share” means, with respect to any taxable year beginning after December 31, 2017, 30 percent.

## Regulations

- [Treas. Reg. § 1.812-1](/26/reg/1.812-1.md): Taxable years affected. (interprets § 812)
- [Treas. Reg. § 1.812-2](/26/reg/1.812-2.md): Operations loss deduction. (interprets § 812)
- [Treas. Reg. § 1.812-3](/26/reg/1.812-3.md): Computation of loss from operations. (interprets § 812)
- [Treas. Reg. § 1.812-4](/26/reg/1.812-4.md): Operations loss carrybacks and operations loss carryovers. (interprets § 812)
- [Treas. Reg. § 1.812-5](/26/reg/1.812-5.md): Offset. (interprets § 812)
- [Treas. Reg. § 1.812-6](/26/reg/1.812-6.md): New company defined. (interprets § 812)
- [Treas. Reg. § 1.812-7](/26/reg/1.812-7.md): Application of subtitle A and subtitle F. (interprets § 812)
- [Treas. Reg. § 1.812-8](/26/reg/1.812-8.md): Illustration of operations loss carrybacks and carryovers. (interprets § 812)
- [Treas. Reg. § 1.812-9](/26/reg/1.812-9.md): Cross-reference. (interprets § 812)

## Final rules

- [68 FR 24349](https://www.federalregister.gov/documents/2003/05/07/03-11211/guidance-under-section-817a-regarding-modified-guaranteed-contracts) (2003): Guidance Under Section 817A Regarding Modified Guaranteed Contracts

## Connections

Cites: § 805 General deductions; § 807 Rules for certain reserves

Cited by: § 805 General deductions

## Prior provisions

- A prior section 812, added Pub. L. 86–69, § 2(a), June 25, 1959, 73 Stat. 127; amended Pub. L. 87–858, § 3(d)(1), Oct. 23, 1962, 76 Stat. 1137; Pub. L. 88–571, § 1(a), Sept. 2, 1964, 78 Stat. 857; Pub. L. 94–455, title VIII, § 806(d)(1), title XIX, § 1901(a)(99), Oct. 4, 1976, 90 Stat. 1598, 1781; Pub. L. 97–34, title II, § 207(b), Aug. 13, 1981, 95 Stat. 225, related to operations loss deductions, prior to the general revision of this part by Pub. L. 98–369, § 211(a).
- Another prior section 812, act Aug. 16, 1954, ch. 736, § 812, as added Mar. 13, 1956, ch. 83, § 2, 70 Stat. 45, related to reserve and other policy liability deduction, prior to the general revision of this part by Pub. L. 86–69, § 2(a).

## Amendments

- 1984-07-18: [Pub. L. 98-369](/26/act/98-369.md), 98 Stat. 741
- 1986-10-22: [Pub. L. 99-514](/26/act/99-514.md), 100 Stat. 2840
- 1987-12-22: [Pub. L. 100-203](/26/act/100-203.md), 101 Stat. 1330
- 1988-11-10: [Pub. L. 100-647](/26/act/100-647.md), 102 Stat. 3583
- 1996-08-20: [Pub. L. 104-188](/26/act/104-188.md), 110 Stat. 1833
- 1997-08-05: [Pub. L. 105-34](/26/act/105-34.md), 111 Stat. 955
- 2004-04-10: [Pub. L. 108-218](/26/act/108-218.md), 118 Stat. 610
- 2014-12-19: [Pub. L. 113-295](/26/act/113-295.md), 128 Stat. 4044
- 2017-12-22: [Pub. L. 115-97](/26/act/115-97.md), 131 Stat. 2148