National Protective Ins. Co. v. Commissioner
United States Board of Tax Appeals
An insurance company, doing a small life insurance business and a large health and accident insurance business, was required by the laws of Missouri to maintain a reserve for the fulfillment of its life insurance contracts. In 1935, it entered into an agreement with the Superintendent of Insurance of the State of Missouri, wherein it agreed to maintain an unearned premium reserve upon its health and accident business.
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An insurance company, doing a small life insurance business and a large health and accident insurance business, was required by the laws of Missouri to maintain a reserve for the fulfillment of its life insurance contracts. In 1935, it entered into an agreement with the Superintendent of Insurance of the State of Missouri, wherein it agreed to maintain an unearned premium reserve upon its health and accident business. During the taxable years, in conformity with the provisions of this agreement, it set aside a portion of the gross premiums on its health and accident contracts in a special…
1Opinion of the Court
NATIONAL PROTECTIVE INSURANCE COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
National Protective Ins. Co. v. Commissioner
Docket No. 101709.
United States Board of Tax Appeals
44 B.T.A. 978; 1941 BTA LEXIS 1251;
July 10, 1941, Promulgated
An insurance company, doing a small life insurance business and a large health and accident insurance business, was required by the laws of Missouri to maintain a reserve for the fulfillment of its life insurance contracts. In 1935, it entered into an agreement with the Superintendent of Insurance of the State of Missouri, wherein it agreed…
2Cases cited5 opinions
- Maryland Casualty Co. v. United StatesSupreme Court of the United States · 1920
- Helvering v. Inter-Mountain Life InsuranceSupreme Court of the United States · 1935
- Inhabitants of Trenton v. Standard Fire Insurance Co.Supreme Court of New Jersey · 1909
- State Ex Rel. Missouri State Life Insurance v. GehnerSupreme Court of Missouri · 1928
- National Protective Ins. Co. v. CommissionerUnited States Board of Tax Appeals · 1941