26 C.F.R. § 1.822-11 Net premiums.
Title 26 - Internal Revenue
The term “net premiums”, defined in section 822(f)(1), includes deposits and assessments, but excludes amounts returned to policyholders which are treated as dividends under section 822(f)(2). Net premiums are used in sections 822(c)(6) and 832(c)(5) in determining the limitation on certain capital losses and in the application of section 1212. [T.D. 6681, 28 FR 11115, Oct. 17, 1963]
Title 26: Internal Revenue
PART 1—INCOME TAXES
Mutual Insurance Companies (Other Than Life and Certain Marine Insurance Companies and Other Than Fire or Flood Insurance Companies Which Operate on Basis of Perpetual Policies or Premium Deposits)
§ 1.822-11 Net premiums.
