Legal Opinion
Continental Assur. Co. v. United States
United States Court of Claims
Decided October 15, 1934No. 42523PublishedCited by 13 opinions
1Opinion of the Court
LITTLETON, Judge.
The question presented in this case is whether the amounts of $107,620 and $127,-407.73 held by plaintiff at the beginning and end, respectively, of the year 1927 to meet its liability to holders of matured unsurrendered and unpaid coupons attached to eer tain twenty-payment life policies, styled “special-coupon accumulative additions policy” and ordinary life policies, styled “acceleration-coupon options policy,” constituted “reserve funds required by law” within the meaning of section 245 (a) (2) of the Revenue Act of 1926 (26 USCA § 1004 (a) (2).
The amount of each coupon…
2Cases cited18 opinions
- Brewster v. GageSupreme Court of the United States · 1930
- Maryland Casualty Co. v. United StatesSupreme Court of the United States · 1920
- Fawcus MacHine Co. v. United StatesSupreme Court of the United States · 1931
- United States v. MooreSupreme Court of the United States · 1878
- Murphy Oil Co. v. BurnetSupreme Court of the United States · 1932
13 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Helvering v. Inter-Mountain Life InsuranceSupreme Court of the United States · 1935
- Farmers Cooperative Co. v. BirminghamDistrict Court, N.D. Iowa · 1949
- Commissioner of Internal Rev. v. Monarch Life Ins. Co.Court of Appeals for the First Circuit · 1940
- Commissioner of Internal Revenue v. Pan-American Life Ins.Court of Appeals for the Fifth Circuit · 1940
- Continental Insurance v. United StatesUnited States Court of Claims · 1973
8 more not listed; retrieve them via the Exa API.