### Question
Can you define what insurance business means?


### Answer
**Insurance business** is defined as the following in *26 U.S.C. § 465*:

> any business which is not a noninsurance business (within the meaning of section 806(b)(3))

#### Citation:
  - *26 U.S.C. § 465*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart C-Taxable Year for Which Deductions Taken**

