Pembahasan Ujian PAI: A40 – No. 24 – Maret 2014

Tax deductions from gross income:

• Death benefits, other benefits, and insurance expenses
• Increase in specified reserves
• Policy dividends and experience-rating refunds
• Operating losses and capital losses
• Certain reinsurance considerations
• General corporate deductions for expenses
• Small life insurance company deduction (U.S. only)
• Interest paid or credited (Canada only)
• Canadian securities – loss on sale and amortixation of premium (Canada only)

Capital cost allowances (Canada only)

^[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.