26 U.S.C. § 803: Life insurance gross income

The gross amount of premiums and other consideration on insurance and annuity contracts, less return premiums, and premiums and other consideration arising out of indemnity reinsurance. Each net decrease in reserves which is required by section 807(a) to be taken into account under this paragraph. All amounts not includible under paragraph (1) or (2) which under this subtitle are includible in gross income. advance premiums, deposits, fees, assessments, consideration in respect of assuming liabilities under contracts not issued by the taxpayer, and the amount of policyholder dividends reimbursable to the taxpayer by a reinsurer in respect of reinsured policies, Except as provided in subparagraph (B), the term “return premiums” does not include any policyholder dividends. Subparagraph (A) shall not apply to amounts of premiums or other consideration returned to another life insurance company in respect of indemnity reinsurance.