Legal Opinion
Commissioner v. Standard Life & Accident Insurance
Supreme Court of the United States
Decided June 23, 1977No. 75-1771PublishedCited by 61 opinions
1Opinion of the CourtJustice Stevens
In this case, for the second time this Term, we are required to construe the complex portion of the Internal Revenue Code concerning life insurance companies.1 The issue in this case is the extent to which deferred and uncollected life insurance premiums are includable in “reserves,” “assets,” and “gross premium income,” as those concepts are used in the Life Insurance Company Income Tax Act of 1959.2
I
Premiums on respondent’s policies are often payable in installments. If an installment is not paid when due, the policy will lapse, generally after a grace period. However, there is no legally…
2Cases cited16 opinions
- McCoach v. Insurance Co. of North AmericaSupreme Court of the United States · 1917
- United States v. Consumer Life Insurance Co.Supreme Court of the United States · 1977
- United States v. Atlas Life Insurance Co.Supreme Court of the United States · 1965
- Jefferson Standard Life Insurance Company v. United States of America, (Two Cases). Jefferson Standard Life Insurance Company v. United States of America, (Two Cases)Court of Appeals for the Fourth Circuit · 1969
- Mutual Benefit Life Ins. v. HeroldDistrict Court, D. New Jersey · 1912
11 more not listed; retrieve them via the Exa API.
3Cited by61 opinions
- Gerling International Insurance Co. v. Commissioner of Internal Revenue. Appeal of Gerling International Insurance CoCourt of Appeals for the Third Circuit · 1988
- Colonial American Life Insurance v. CommissionerSupreme Court of the United States · 1989
- Southwestern Life Insurance Company, Plaintiff-Appellee-Cross-Appellant v. United States of America, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1977
- Union Mutual Life Insurance Company, Plaintiff-Appellee-Cross v. United States of America, Defendant-Appellant-CrossCourt of Appeals for the First Circuit · 1978
- Beneficial Life Ins. Co. v. CommissionerUnited States Tax Court · 1982
56 more not listed; retrieve them via the Exa API.