### Question
How does the law define specified insurance contract?


### Answer
Under *26 U.S.C. § 848*, **specified insurance contract** is defined as:

> any life insurance, annuity, or noncancellable accident and health insurance contract (or any combination thereof)

#### Citation:
  - *26 U.S.C. § 848*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART III-PROVISIONS OF GENERAL APPLICATION**

