Dividend payments made by an insurance company that are based on an policy and that exceed the total amount of premiums paid by the insured are taxable to the insured.

Name: Dividend payments made by an insurance company that are based on an policy and that exceed the total amount of premiums paid by the insured are taxable to the insured.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Dividend payments that exceed the total amount of premiums paid by the insured are considered taxable income to the insured.

Dividend Payments Made by an Insurance Company That Are Based