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U.S. Code/Title 26/§ 4371

Title 26

26

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26 U.S.C. § 4371.Chapter 34

§ 4371

Imposition of tax

Title 26
1 min read
Subchapter: Policies Issued By Foreign Insurers

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Back to Chapter 34Next: § 4372

There is hereby imposed, on each policy of insurance, indemnity bond, annuity contract, or policy of reinsurance issued by any foreign insurer or reinsurer, a tax at the following rates:

((1)) ** Casualty insurance and indemnity bonds** 4 cents on each dollar, or fractional part thereof, of the premium paid on the policy of casualty insurance or the indemnity bond, if issued to or for, or in the name of, an insured as defined in section 4372(d);

((2)) ** Life insurance, sickness, and accident policies, and annuity contracts** 1 cent on each dollar, or fractional part thereof, of the premium paid on the policy of life, sickness, or accident insurance, or annuity contract; and

((3)) ** Reinsurance** 1 cent on each dollar, or fractional part thereof, of the premium paid on the policy of reinsurance covering any of the contracts taxable under paragraph (1) or (2).

Related Legislation

(1 bill)

Bills that would modify or reference this section of law.

HR-1481

CART Act of 2025

Darin Lahood

Illinois representative

  1. house
  2. senate
  3. president
2/21/2025

Release: pl-119-111 (2026-09-18)

§ 4372

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