NEW YORK UNDERWRITERS INSURANCE CO.

v.

CENTRAL UNION BANK

Citator

Cited By

• United States v. Consumer Life Ins. Co., 430 U.S. 725 (U.S. 1977)
  …“Life insurance reserves” is defined in § 801 (b). See Treas. Reg. §1.801-3 (e) (1960) (defining unearned premiums), explained in Rev. Rul. 69-270, 1969-1 Cum. Bull. 185; Utah Home Fire Ins. Co. v. Commissioner, 64 F. 2d 763 (CA10), cert. denied, 290 U. S. 679 (1933); nn. 16 and 20, infra. See generally Massachusetts Protective Assn. v. United States, 114 F. 2d 304 (CA1 1940); Commissioner v. Monarch Life Ins. Co., 114 F. 2d 314 (CA1 1940). This figure is derived from a straight-line or pro rata method o…
• Commissioner of Internal Revenue v. Monarch Life Ins. Co., 114 F.2d 314 (1st Cir. 1940)
  …taxing only “earned premiums” or “earned income” was in no way altered by the different methods of taxation provided for in the Revenue Act of 1921. Utah Home Fire Insurance Co. v. Commissioner, 10 Cir., 1933, 64 F. 2d 763, certiorari denied, 1933, 290 U.S. 679, 54 S.Ct. 103, 78 L.Ed. 586. The net result of the changes in so far as here relevant is that when premiums are included in gross income, the addition to the “unearned” portion set aside in reserve funds required by law are deductible to arrive at n…
• Mass. Protective Ass'n, Inc. v. United States, 114 F.2d 304 (1st Cir. 1940)
  …of those premiums in Section 246(b) (5) by subtracting from gross premiums the “unearned premiums” which were still represented by the same reserves. Utah Home Fire Insurance Co. v. Commissioner, 10 Cir., 1933, 64 F. 2d 763, certiorari denied, 1933, 290 U.S. 679, 54 S.Ct. 103, 78 L.Ed. 586. Section 246(b) (5) in no way prevents the deduction of the net addition to reserve funds required by law if the addition ' represents unearned, premiums. Furthermore, any contention of the defendant that Section 246(b)…