### Question
How is the term undiscounted unearned premiums defined?


### Answer
The term **undiscounted unearned premiums** is defined in *26 U.S.C. § 832* as the following:

> the unearned premiums shown in the yearly statement filed by the taxpayer for the year ending with or within such taxable 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**

