### Question
How is the term applicable statutory premium recognition pattern defined?


### Answer
The term **applicable statutory premium recognition pattern** is defined in *26 U.S.C. § 832* as the following:

> 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**

