Interest on insurance dividends left on deposit with an insurance company and withdrawable upon demand is taxable to the policyholder only when actually withdrawn.

Name: Interest on insurance dividends left on deposit with an insurance company and withdrawable upon demand is taxable to the policyholder only when actually withdrawn.
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Interest on insurance dividends left on deposit with the insurance company is taxable when credited to the account. This is an example of the constructive receipt doctrine

Interest on Insurance Dividends Left on Deposit with an Insurance