### Question
Can you define what applicable statutory premium recognition pattern means?


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

> 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**

