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Tax Implications of Premium Loans in Insurance by Argel Joseph Cosme is a document available to read on EtoBox.
What is Tax Implications of Premium Loans in Insurance about?
The Supreme Court ruled that premium advances made by an insurance company under an automatic premium loan clause are considered premiums collected and subject to tax. Even though the assets of the insurance company did not change with the premium advances, it did receive credit for the advances. The premiums were also considered paid through notes or credits as allowed under the tax law. The Court rejected the insurance company
- Author
- Argel Joseph Cosme
- Language
- EN