Insurer definition clarifies tax code treatment for medical deduction eligibility by adopting the Insurance Act meaning. For purposes of the income tax provision on medical treatment deductions, the term "Insurer" adopts the meaning assigned to it in clause (9) of section 2 ... Summary
Insurer definition clarifies tax code treatment for medical deduction eligibility by adopting the Insurance Act meaning.
For purposes of the income tax provision on medical treatment deductions, the term "Insurer" adopts the meaning assigned to it in clause (9) of section 2 of the Insurance Act, 1938, thereby making the Insurance Act's statutory definition of insurer determinative for tax law eligibility and related compliance under that provision.
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