### Question
Can you define what existing policyholders surplus account means?


### Answer
**Existing policyholders surplus account** is defined as the following in *26 U.S.C. § 815*:

> any policyholders surplus account which has a balance as of the close of December 31, 1983

#### Citation:
  - *26 U.S.C. § 815*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART I-LIFE INSURANCE COMPANIES > Subpart D-Accounting, Allocation, and Foreign Provisions**

