### Question
How is the term experience-rated refund defined?


### Answer
The term **experience-rated refund** is defined in *26 U.S.C. § 808* as the following:

> any refund or credit based on the experience of the contract or group involved

#### Citation:
  - *26 U.S.C. § 808*
  - 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**

