17 N.C. Admin Code 05E .0104 - Dividends Applied to Purchase Additional Paid‑up Life

Rule 05e .0104 - Dividends Applied to Purchase Additional Paid‑up Life

Dividends applied to purchase additional paid‑up life insurance are not taxable under G.S. 105‑228.5 since gross premiums are deemed to be the amounts specified in the life insurance policy contracts when issued.

Disclaimer. This may not be the most current version of this information. Users should consult official sources to verify information on this site is recent and current. Marble does not warrant or represent the accuracy, completeness or reliability of the information contained on this site.