Sears v. Commissioner

{
  "id": "MLC-T-INS-003028",
  "term": "Sears v. Commissioner",
  "field": "Insurance and risk management",
  "definition": "A landmark U.S. tax court case that addressed the tax treatment of certain insurance arrangements within a corporate group. The case examined whether a captive insurance company could be considered a true insurer for tax purposes, particularly regarding the deductibility of premiums. Its outcome influenced the criteria for recognizing risk shifting and risk distribution in captive insurance structures.",
  "url": "https://mlchart.com/terminology/insurance/sears-v-commissioner/"
}