### Question
What does specified relation mean?


### Answer
**Specified relation** has the following meaning in *26 U.S.C. § 831*:

> any individual with respect to whom the specified holder bears a relationship described in subclause (I) or (II) of clause (iii)

#### Citation:
  - *26 U.S.C. § 831*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART II-OTHER INSURANCE COMPANIES**

