Bulletin No. 1997–21 May 27, 1997

on the definition of a “chronically ill individual” for purposes of the definitions of “qualified long-term care services” and a “qualified long-term care insurance contract” under Code section 213(d).

Notice 97–32, page 8. This notice sets forth the interim rules regarding the rate of interest to be used by insurance companies to compute under Code sections 807(c)(3) or 807(d)(2) reserves for modified guaranteed contracts as defined in Code section 817A, and the determination of policy interest under Code section 812 with regard to these contracts.

Rev. Proc. 97–27, page 10. Changes in accounting periods and methods of ac- counting. General procedures are provided under Code section 446(e) and section 1.446–1(e) of the Income Tax Regulations for obtaining the Commissioner’s consent to change a method of accounting for federal income tax purposes.