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);
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
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).
Aug. 16, 1954, ch. 73668A Stat. 521Mar. 13, 1956, ch. 83, § 5(9)70 Stat. 49Pub. L. 85–859, title I, § 141(a)72 Stat. 1300Pub. L. 86–69, § 3(f)(3)73 Stat. 140Pub. L. 89–44, title VIII, § 804(b)79 Stat. 160Pub. L. 94–455, title XIX, § 1904(a)(12)90 Stat. 1812Pub. L. 98–369, div. A, title II, § 211(b)(23)98 Stat. 757Pub. L. 100–203, title X, § 10242(c)(3)101 Stat. 1330–423Pub. L. 101–239, title VII, § 7811(i)(11)103 Stat. 2411(, ; , ; , , ; , , ; , , ; , , ; , , ; , , ; , , .)
Editorial Notes
Amendments
Pub. L. 101–2391989—Par. (2). struck out “, unless the insurer is subject to tax under section 842(b)” after “or annuity contract”.
Pub. L. 100–2031987—Par. (2). substituted “section 842(b)” for “section 813”.
Pub. L. 98–3691984—Par. (2). substituted “section 813” for “section 819”.
Pub. L. 94–4551976— substituted in par. (1) “4 cents” for “four cents” and “premium paid” for “premium charged”, in pars. (2) and (3) “1 cent” for “one cent” and “premium paid” for “premium charged”, and struck out provision following par. (3) relating to computation of tax on premium paid in lieu of premium charged.
Pub. L. 89–441965— inserted last sentence relating to computation of tax on premium paid in lieu of premium charged.
Pub. L. 86–691959—Par. (2). substituted “section 819” for “section 816”.
Pub. L. 85–8591958— substituted “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” for “shall be imposed a tax on each policy of insurance, indemnity bond, annuity contract, or policy of reinsurance issued by any foreign insurer or reinsurer”.
1956—Par. (2). Act , substituted “section 816” for “section 807”.
Statutory Notes and Related Subsidiaries
Effective Date of 1989 Amendment
Pub. L. 101–239Pub. L. 100–647section 7817 of Pub. L. 101–239section 1 of this titleAmendment by effective, except as otherwise provided, as if included in the provision of the Technical and Miscellaneous Revenue Act of 1988, , to which such amendment relates, see , set out as a note under .
Effective Date of 1987 Amendment
Pub. L. 100–203section 10242(d) of Pub. L. 100–203section 816 of this titleAmendment by applicable to taxable years beginning after , see , set out as a note under .
Effective Date of 1984 Amendment
Pub. L. 98–369section 215 of Pub. L. 98–369section 801 of this titleAmendment by applicable to taxable years beginning after , see , set out as an Effective Date note under .
Effective Date of 1976 Amendment
Pub. L. 94–455section 1904(d) of Pub. L. 94–455section 4041 of this titleAmendment by effective on first day of first month which begins more than 90 days after , see , set out as a note under .
Effective Date of 1965 Amendment
Pub. L. 89–44section 804(c) of Pub. L. 89–44section 4374 of this titleAmendment by applicable with respect to policies, bonds, and contracts with respect to which the tax imposed by this section is required to be paid on the basis of a return, see , set out as a note under .
Effective Date of 1959 Amendment
Pub. L. 86–69section 4 of Pub. L. 86–69section 381 of this titleAmendment by applicable only with respect to taxable years beginning after , see , set out as an Effective Date note under .
Effective Date of 1958 Amendment
Pub. L. 85–859section 1(c) of Pub. L. 85–85972 Stat. 1275Amendment by effective on first day of first calendar quarter which begins more than 60 days after , see , , .
Effective Date of 1956 Amendment
section 316 of this titleAmendment by act , applicable only to taxable years beginning after , see section 6 of act , set out as a note under .