### Question
How does the law define annual statement?


### Answer
Under *26 U.S.C. § 809*, **annual statement** is defined as:

> the annual statement for life insurance companies approved by the National Association of Insurance Commissioners

#### Citation:
  - *26 U.S.C. § 809*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART I-LIFE INSURANCE COMPANIES > Subpart C-Life Insurance Deductions**

