SECTION 3. DEFINITIONS
Internal Revenue Bulletin 2002-28 · 2026-10-03 edition · updated 2026-10-04 · United States
The following definitions apply solely for purposes of this revenue procedure.
July 15, 2002 106 2002–28 I.R.B.
that would otherwise be treated as incurred for a taxable year in order to meet the annual pro rata expense limitation of § 1.832–4(a)(5)(vii), the reduction amount is carried forward and is taken into account in determining the company’s premium acquisition expenses incurred with regard to those contracts for the succeeding taxable year.
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