{"data":{"id":"us/26-cfr-1.816-1","jurisdiction":"us","citation":"26 CFR 1.816-1","heading":"-1 Life insurance reserves.","body":"(a) Definition of life insurance reserves. Except as provided in section 816(h), a reserve that meets the requirements of section 816(b)(1) and (2) will not be disqualified as a life insurance reserve solely because the method used to compute the reserve takes into account other factors, provided that the method used to compute the reserve is a tax reserve method as defined in section 807(d)(3) and that such reserve is not an asset adequacy reserve as described in § 1.807-1(b).\n(b) Applicability date. The section applies to taxable years beginning after October 13, 2020.\nHowever, a taxpayer may choose to apply the rules of this section for a taxable year beginning after December 31, 2017, the effective date of the revision of section 807 by Public Law 115-97, and on or before October 13, 2020, provided the taxpayer consistently applies the rules of this section to that taxable year and all subsequent taxable years. See section 7805(b)(7).","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"34012e6e74958e7491c2dc0c55cb2c2bbce6d624efa7b5c120ad8c44e9549fbb","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.815-6","next":"us/26-cfr-1.817-1"},"notice":"GroundRules: Original legal text. Not legal advice."}