Columbia Cas. Co. v. Commissioner
United States Tax Court
Petitioner, a casualty insurance company taxable under section 204, Internal Revenue Code, computed its unpaid losses outstanding at the end of 1942 as required by the annual report to the State Insurance Department on the form approved by the National Convention of Insurance Commissioners. Held, petitioner's computation was in accordance with section 204 (b). Commissioner v. New Hampshire Fire Insurance Co., 146 Fed.
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Petitioner, a casualty insurance company taxable under section 204, Internal Revenue Code, computed its unpaid losses outstanding at the end of 1942 as required by the annual report to the State Insurance Department on the form approved by the National Convention of Insurance Commissioners. Held, petitioner's computation was in accordance with section 204 (b). Commissioner v. New Hampshire Fire Insurance Co., 146 Fed. (2d) 697, affirming 2 T.C. 708. Held, also, petitioner's unearned premiums reserve is not includible in equity invested capital for 1940 or 1941, following Federal Union…
1Opinion of the Court
Columbia Casualty Company v. Commissioner.
Columbia Cas. Co. v. Commissioner
Docket No. 8592.
United States Tax Court
1948 Tax Ct. Memo LEXIS 191; 7 T.C.M. (CCH) 282; T.C.M. (RIA) 48075;
May 13, 1948
Petitioner, a casualty insurance company taxable under section 204, Internal Revenue Code, computed its unpaid losses outstanding at the end of 1942 as required by the annual report to the State Insurance Department on the form approved by the National Convention of Insurance Commissioners. Held, petitioner's computation was in accordance with section 204 (b). Commissioner v. New Hampshire Fire…
2Cases cited5 opinions
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