Tax on insurance companies other than life insurance companies

What this document is

26 U.S.C. s. 831: Tax on insurance companies other than life insurance companies is a state statute published by U.S. Government Publishing Office (govinfo.gov). It is one of the documents that insurance license exam questions are written from, including life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 26 U.S.C. § 831(b)(2)(A)(iii) (Alternative Tax: Election Requirement)

  “(ii) such company meets the diversification requirements of subparagraph (B), and (iii) such company elects the application of this subsection for such taxable year. The election under clause (iii) shall apply to the taxable year for which made and for all subsequent taxable years for which the...”

• 26 U.S.C. § 831(b)(2)(A) (Alternative tax: companies to which the subsection applies)

  “This subsection shall apply to every insurance company other than life if - (i) the net written premiums (or, if greater, direct written premiums) for the taxable year do not exceed $2,200,000, (ii) such company meets the diversification requirements of subparagraph (B), and (iii) such company...”

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More Federal sources sources

• Coverage for Pre-existing Conditions (Affordable Care Act) - HealthCare.govFederal guidance
• 20 C.F.R. § 404.1520 -- Evaluation of Disability in General (the five-step sequential evaluation process)Regulation
• Parts of Medicare (Medicare & You / medicare.gov)Federal guidance
• Continuation of Health Coverage (COBRA) - U.S. Department of LaborReference
• Portability of Health Coverage (HIPAA) - U.S. Department of LaborReference
• Fair Credit Reporting Act - 15 U.S.C. § 1681a (Definitions)State statute
• 15 U.S.C. s. 1681b: FCRA permissible purposes of consumer reportsState statute
• 15 U.S.C. s. 1681c: FCRA requirements relating to obsolete information in consumer reportsState statute