### Question
How is the "statutory reserves" defined?


### Answer
The term **statutory reserves** is defined in *26 U.S.C. § 807* as follows -

> the aggregate amount set forth in the annual statement with respect to items described in section 807(c)

#### Citation:
  - *26 U.S.C. § 807*
  - 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**

