### Question
How does the law define gross insurance income?


### Answer
Under *26 U.S.C. § 954*, **gross insurance income** is defined as:

> any item of gross income taken into account in determining insurance income under section 953

#### Citation:
  - *26 U.S.C. § 954*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART III-INCOME FROM SOURCES WITHOUT THE UNITED STATES > Subpart F-Controlled Foreign Corporations**

