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Insurance dividend |
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Insurance dividend Money paid annually to policyholders participating in cash value life insurance policies. |
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| New York Life said it is the only insurer in the market today to declare a long-term-care insurance dividend. 1, 1997 (years subsequent to the tax years at issue in Ceridian), the FTB had taken the position that as a result of Ceridian, CRTC [section]24410 was wholly inoperable, so that no DRD was permitted for dividends received from an insurance company; see Departmental Policy on Section 24410 Insurance Dividend Deductions, FTB Multistate Audit Program Mem. NEW YORK -- New York Life Insurance Company announced today that its Board of Directors has approved a dividend for its LTCSelect Premier long-term care insurance product, making New York Life the first insurer ever to declare a long-term care insurance dividend. |
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Insurance dividend
