Definition of company’s share and policyholder’s share

26 U.S.C. § 812
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) Company’s shareFor 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. (b) Policyholder’s shareFor purposes of section 807, the term “policyholder’s share” means, with respect to any taxable year beginning after December 31, 2017, 30 percent.