United States · Bill · HR
H.R. 185 (102nd)
To amend the Internal Revenue Code of 1986 to clarify the deductibility of liabilities incurred in connection with minimum premium plans.
Introduced
3 January 1991
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code, with regard to insurance company taxable income, to treat as unpaid losses any termination reserves under minimum premium plans (thus providing that amounts reflected as reserves or other liabilities on a property and casualty insurance company's annual statement for future claim payments under minimum premium accident and health plans are properly deductible during the policy period).
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 3 January 1991
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/102nd-congress/house-bill/185
- Open data entity: https://api.congress.gov/v3/bill/102/hr/185