### Question
What does insurance company mean?


### Answer
**Insurance company** has the following meaning 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**

