George Washington Life Insurance v. Board of Review & Equalization of Kanawha County

Kenna. Judge.-

In returning its personal property for taxation for the tax year beginning January 1, 1931, the George Washington Life Insurance Company, a domestic life insurance company, listed its taxable bonds at market value, amounting to $684,559.00. It deducted from its taxable assets the sum of $50,244.00 ^s the aggregate of premiums and interest paid to it in advance, and also deducted the sum of $4,652,728.00, the cash surrender value reserve on its participating policies.

The assessor listed its bonds at their par value of $710,-700.00. He refused to allow the deduction of $50,244.00…