MLchartDataset catalogue

AMERCO v. Commissioner

Term · Insurance and risk management · MLC-T-INS-000404

A Tax Court decision of 1991, affirmed by the Ninth Circuit in 1992, that allowed AMERCO and its operating subsidiaries to deduct premiums paid to a sister insurance company within the same corporate group. The court found risk shifting and risk distribution because the insurer covered a number of operating subsidiaries, so the payments were insurance premiums. The decision is a reference point for captives that insure affiliated companies.

Table 1. Record
IdentifierMLC-T-INS-000404
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000404",
  "term": "AMERCO v. Commissioner",
  "field": "Insurance and risk management",
  "definition": "A Tax Court decision of 1991, affirmed by the Ninth Circuit in 1992, that allowed AMERCO and its operating subsidiaries to deduct premiums paid to a sister insurance company within the same corporate group. The court found risk shifting and risk distribution because the insurer covered a number of operating subsidiaries, so the payments were insurance premiums. The decision is a reference point for captives that insure affiliated companies.",
  "url": "https://mlchart.com/terminology/insurance/amerco-v-commissioner/"
}

Record 141 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.