[Code of Federal Regulations]
[Title 26, Volume 8]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.822-11]

[Page 715]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Determination of Tax Liability--Table of Contents
 
Sec. 1.822-11  Net premiums.

    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]

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