Source: http://taxtv.com/code/00705-USCODE-2011-title26-subtitleA-chap1-subchapO-partIII-sec1035/
Timestamp: 2017-11-20 13:35:11
Document Index: 389038179

Matched Legal Cases: ['§1035', '§1035', '§1035', '§211', '§1828', '§1131', '§844', '§844', '§844', '§844', '§844', '§844', '§224', '§211', '§211']

IRC §1035. Certain exchanges of insurance policies - TaxTV.com
IRC §1035. Certain exchanges of insurance policies
View related content: IRC §1035
(1) a contract of life insurance for another contract of life insurance or for an endowment or annuity contract or for a qualified long-term care insurance contract; or 1
(Aug. 16, 1954, ch. 736, 68A Stat. 309; Pub. L. 98–369, div. A, title II, §§211(b)(15), 224(a), July 18, 1984, 98 Stat. 756, 776; Pub. L. 99– 4, title XVIII, §1828, Oct. 22, 1986, 100 Stat. 28 ; Pub. L. 105–34, title XI, §1131(b)(1), Aug. 5, 1997, 111 Stat. 979; Pub. L. 109–280, title VIII, §844(b), Aug. 17, 2006, 120 Stat. 1010.)
2006—Subsec. (a)(1). Pub. L. 109–280, §844(b)(3)(A), which directed amendment by inserting “or for a qualified long-term care insurance contract” before semicolon “at the end”, was executed by making the insertion before “; or” to reflect the probable intent of Congress.
Subsec. (a)(2). Pub. L. 109–280, §844(b)(3)(B), which directed amendment by inserting “, or (C) for a qualified long-term care insurance contract” before semicolon “at the end”, was executed by making the insertion before “; or” to reflect the probable intent of Congress.
Subsec. (a)(3). Pub. L. 109–280, §844(b)(3)(C), inserted “or for a qualified long-term care insurance contract” after “annuity contract”.
Subsec. (b)(2). Pub. L. 109–280, §844(b)(1), inserted at end “For purposes of the preceding sentence, a contract shall not fail to be treated as an annuity contract solely because a qualified long-term care insurance contract is a part of or a rider on such contract.”
Subsec. (b)(3). Pub. L. 109–280, §844(b)(2), inserted at end “For purposes of the preceding sentence, a contract shall not fail to be treated as a life insurance contract solely because a qualified long-term care insurance contract is a part of or a rider on such contract.”
1986—Subsec. (b)(1). Pub. L. 99– 4 struck out “subject to tax under subchapter L” after “with an insurance company”.
1984—Subsec. (b)(1). Pub. L. 98–369, §224(a), which directed the substitution of “an insurance company subject to tax under subchapter L” for “a life insurance company as defined in section 801”, was executed by making such substitution for “a life insurance company as defined in section 816” to reflect the probable intent of Congress and the earlier amendment by Pub. L. 98–369, §211(b)(15), which substituted “as defined in section 816” for “as defined in section 801”.
Pub. L. 98–369, §211(b)(15), substituted “section 816” for “section 801”.
Section 224(b) of Pub. L. 98–369 provided that: “The amendment made by subsection (a) [amending this section] shall apply to all exchanges whether before, on, or after the date of the enactment of this Act [July 18, 1984].”