### Question
How does Income Taxes define undiscounted unearned premiums?


### Answer
Under *26 U.S.C. § 832*, **undiscounted unearned premiums** is defined as:

> the unearned premiums shown in the yearly statement filed by the taxpayer for the year ending with or within such taxable year

#### Citation:
  - *26 U.S.C. § 832*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART II-OTHER INSURANCE COMPANIES**

