### Question
How is the "high surplus mutual life insurance company" defined?


### Answer
The term **high surplus mutual life insurance company** is defined in *26 U.S.C. § 809* as follows -

> any mutual life insurance company if, for the taxable year beginning in 1984, its equity percentage exceeded 14.5 percent

#### Citation:
  - *26 U.S.C. § 809*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART I-LIFE INSURANCE COMPANIES > Subpart C-Life Insurance Deductions**

