A bill to clarify the deductability under the Internal Revenue Code of 1986 of liabilities incurred in connection with minimum premium plans.

Summary

Amends the Internal Revenue Code, with regard to insurance company taxable income, to treat as unearned premiums 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).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 23 May 1990

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 23 May 1990

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 23 May 1990

  Open at official source

Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Pryor, David H. [D-AR] · D · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.