### Question
What is the definition of applicable statutory premium recognition pattern?


### Answer
The definition of **applicable statutory premium recognition pattern** is as follows in *26 U.S.C. § 832*:

> the statutory premium recognition pattern—



(I) which is in effect for the calendar year in which the premiums are received, and



(II) which is based on the statutory premium recognition pattern which applies to premiums received by the taxpayer in such calendar 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**

