Private Letter Rulings on Insurance Company Issues

Revenue Procedure 2002-75 (103 KB) Issued December 11, 2002:

This revenue procedure discusses certain insurance transactions for which the IRS will contemplate issuing private letter rulings. These rulings will be limited in scope and will provide guidance as to whether a valid and bona-fide insurance arrangement exists between related parties. The IRS has indicated that taxpayers seeking a ruling should contact the appropriate department at the IRS to determine whether the facts in each case will be considered by the IRS for a ruling before preparing the ruling request.