### Question
How is the term annual statement defined?


### Answer
The term **annual statement** is defined in *26 U.S.C. § 846* as the following:

> the annual statement approved by the National Association of Insurance Commissioners which the taxpayer is required to file with insurance regulatory authorities of a State

#### Citation:
  - *26 U.S.C. § 846*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART III-PROVISIONS OF GENERAL APPLICATION**

