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Life/Non-Life - Taxes

Life Insurance Co - surplus is taxed
Non-Life/Casualty - Same??

Everything is taxable in a non-life company.

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Unless specified otherwise, endowments/foundations are non taxable. Albeit, foundations have to maintain a certain spending rate, usually 5% to keep this status.

Unrelated business income is taxable.

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bdulog I really wish you pass man You have provided so much intelligence on this forum and all of it was to the point and usefull

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Life insurance companies amount of income that goes to policy holders is not taxed, amount to surplus gets taxed

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toofun Wrote:
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> bdulog I really wish you pass man You have
> provided so much intelligence on this forum and
> all of it was to the point and usefull


Thanks you too dude

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