Commonly Accepted Notions of Insurance
Relevant factors include whether: • The insurer was organized, operated, and regulated as an insurance company • The insurer was adequately capitalized under local law • The insurance policies were valid and binding • The premiums were reasonable • Losses paid only when claims covered under contract
See, e.g. , Securitas Holdings, Inc. v. Commissioner , 108 T.C.M. (CCH) 490 (2014).
AEC EXECUTIVE ROUNDTABLE
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