Fabio
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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
76 lines
3.1 KiB
Markdown
76 lines
3.1 KiB
Markdown
---
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type: "LegalText"
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title: "26 U.S.C. § 803"
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description: "Life insurance gross income"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 26
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title_name: "INTERNAL REVENUE CODE"
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chapter_number: "1"
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chapter_name: "NORMAL TAXES AND SURTAXES"
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section: "803"
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citation: "26 U.S.C. § 803"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc26@119-100.zip"
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source_identifier: "/us/usc/t26/s803"
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source_file: "data/legal/raw/us/code/title-26/usc26.xml"
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source_hash: "5b7c9e24b78cb904ea98386a512aaab69f9bf8c306bca2602cf7181c379eb021"
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raw_snapshot_hash: "a261f094809116f42a96648a3d5eee80fa010379d67412551c21dd5c900b27f4"
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text_hash: "52a0e210619deabf3c7cc4906f532995d242763fe6ab0923d7355caa51c1c8ee"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 26 U.S.C. § 803 - Life insurance gross income
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## Text
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(a) In general For purposes of this part, the term “life insurance gross income” means the sum of the following amounts:
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(1) Premiums (A) The gross amount of premiums and other consideration on insurance and annuity contracts, less
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(B) return premiums, and premiums and other consideration arising out of indemnity reinsurance.
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(2) Decreases in certain reserves Each net decrease in reserves which is required by section 807(a) to be taken into account under this paragraph.
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(3) Other amounts All amounts not includible under paragraph (1) or (2) which under this subtitle are includible in gross income.
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(b) Special rules for premiums (1) Certain items included For purposes of subsection (a)(1)(A), the term “gross amount of premiums and other consideration” includes—
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(A) advance premiums,
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(B) deposits,
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(C) fees,
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(D) assessments,
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(E) consideration in respect of assuming liabilities under contracts not issued by the taxpayer, and
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(F) the amount of policyholder dividends reimbursable to the taxpayer by a reinsurer in respect of reinsured policies,
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on insurance and annuity contracts.
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(2) Policyholder dividends excluded from return premiums For purposes of subsection (a)(1)(B)—
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(A) In general Except as provided in subparagraph (B), the term “return premiums” does not include any policyholder dividends.
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(B) Exception for indemnity reinsurance Subparagraph (A) shall not apply to amounts of premiums or other consideration returned to another life insurance company in respect of indemnity reinsurance.
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(Added Pub. L. 98–369, div. A, title II, § 211(a), July 18, 1984, 98 Stat. 721.)
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## Notes
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Editorial Notes
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Prior ProvisionsA prior section 803, acts Aug. 16, 1954, ch. 736, 68A Stat. 256; Mar. 13, 1956, ch. 83, § 2, 70 Stat. 39, related to income and deductions in the case of life insurance companies, prior to the general revision of this part by Pub. L. 86–69, § 2(a), June 25, 1959, 73 Stat. 112.
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Statutory Notes and Related Subsidiaries
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Effective DateSection applicable to taxable years beginning after Dec. 31, 1983, see section 215 of Pub. L. 98–369, set out as a note under section 801 of this title.
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