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Introduction›Part III. Administrative, Procedural, and Miscellaneous

SEC. 2. CHANGES

Internal Revenue Bulletin 1997-5 · 2026-10-03 edition · updated 2026-10-04 · United States

.01 DOMESTIC ASSET/LIABILITY PERCENTAGES FOR 1996. The Secretary determines the domestic asset/ liability percentage separately for life insurance companies and property and liability insurance companies. For the first taxable year beginning after December 31, 1995, the relevant domestic asset/liability percentages are:

114.8 percent for foreign life insurance companies, and

170.2 percent for foreign property and liability insurance companies.

.02 DOMESTIC INVESTMENT YIELDS FOR 1996. The Secretary is required to prescribe separate domestic investment yields for foreign life insurance companies and for foreign property and liability insurance companies. For the first taxable year beginning after December 31, 1995, the relevant domestic investment yields are:

7.1 percent for foreign life insurance companies, and

5.7 percent for foreign property and liability insurance companies.

The domestic investment yields provided in this revenue procedure are based on tax return data rather than NAIC statement data.

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▸Contents — Internal Revenue Bulletin 1997-5
Internal Revenue Bulletin 1997-5

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