Chapter 34, Subchapter A, Section 4371 · 26 U.S.C. Chapter 34 — TAXES ON CERTAIN INSURANCE POLICIES

Contents

(1) Casualty insurance and indemnity bonds
(2) Life insurance, sickness, and accident policies, and annuity contracts
(3) Reinsurance

4371Imposition of tax#

There is hereby imposed, on each policy of insurance, indemnity bond, annuity contract, or policy of reinsurance issued by any foreign insurer or reinsurer, a tax at the following rates:

(1)4 cents on each dollar, or fractional part thereof, of the premium paid on the policy of casualty insurance or the indemnity bond, if issued to or for, or in the name of, an insured as defined in section 4372(d);

(2)1 cent on each dollar, or fractional part thereof, of the premium paid on the policy of life, sickness, or accident insurance, or annuity contract; and

(3)1 cent on each dollar, or fractional part thereof, of the premium paid on the policy of reinsurance covering any of the contracts taxable under paragraph (1) or (2).

United States Government work; public domain under 17 U.S.C. § 105.