### Question
Can you define what insurance company means?


### Answer
**Insurance company** is defined as the following in *26 U.S.C. § 816*:

> any company more than half of the business of which during the taxable year is the issuing of insurance or annuity contracts or the reinsuring of risks underwritten by insurance companies

#### Citation:
  - *26 U.S.C. § 816*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART I-LIFE INSURANCE COMPANIES > Subpart E-Definitions and Special Rules**

