### Question
How does FEDERAL CREDIT UNIONS define insurance year?


### Answer
Under *12 U.S.C. § 1782*, **insurance year** is defined as:

> the period beginning on January 1 and ending on the following December 31, both dates inclusive, unless otherwise prescribed by the Board

#### Citation:
  - *12 U.S.C. § 1782*
  - Heading: **CHAPTER 14-FEDERAL CREDIT UNIONS > SUBCHAPTER II-SHARE INSURANCE**

