Reliance Ben. Asso. v. Commissioner
United States Tax Court
A reserve fund required by law to be computed upon the basis of the American Experience Table of Mortality, with 3 1/2 percent accretions, or which, if otherwise computed, must be substantially equivalent thereto, held to qualify as a true life insurance reserve maintained for the fulfillment of petitioner's combined life, health, and accident insurance contracts within the purview of section 201 (a) of the Revenue Acts of 1936 and 1938.
1Opinion of the Court
Reliance Benefit Association, a Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Reliance Ben. Asso. v. Commissioner
Docket No. 107904
United States Tax Court
2 T.C. 15; 1943 U.S. Tax Ct. LEXIS 152;
June 1, 1943, Promulgated
Decision will be entered under Rule 50.
A reserve fund required by law to be computed upon the basis of the American Experience Table of Mortality, with 3 1/2 percent accretions, or which, if otherwise computed, must be substantially equivalent thereto, held to qualify as a true life insurance reserve maintained for the fulfillment of petitioner's…
2Cases cited1 opinion
- Reliance Ben. Asso. v. CommissionerUnited States Tax Court · 1943