1. Home
  2. Browse Decisions
  3. F.3d
  4. 115 F.3d
  5. 115 F.3d 430 (1997)
 

INDIANAPOLIS LIFE INS. CO. v. U.S.

No. 96-3499.

115 F.3d 430 (1997)

INDIANAPOLIS LIFE INSURANCE COMPANY and subsidiary, Plaintiff-Appellant, v. UNITED STATES of America, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided May 20, 1997.

Rehearing Denied July 18, 1997.

Attorney(s) appearing for the Case

Theodore J. Nowacki, Bose, McKinney & Evans, Indianapolis, IN, Theodore R. Groom, Robin L. Greenhouse, Groom & Nordberg, Washington, DC, Matthew J. Zinn (argued), J. Walker Johnson, Steptoe & Johnson, Washington, DC, for Plaintiff-Appellant.

Judith A. Stewart, Office of United States Attorney, Indianapolis, IN, David I. Pincus (argued), Edward T. Perelmuter, Department of Justice, Tax Division, Appellate Section, Washington, DC, Janet Reno, U.S. Attorney General, Office of United States Attorney General, Washington, DC, for Defendant-Appellee.

John G. Kester, James T. Fuller, III, Dan S. Sokolov, Williams & Connolly, Washington, DC, for Amicus Curiae First Allmerica Financial Life Insurance Company.

William B. Harman, Jr., Davis & Harman, Washington, DC, for Amicus Curiae Stock Company Information Group.

Before EASTERBROOK, KANNE, and EVANS, Circuit Judges.

EASTERBROOK, Circuit Judge.

Life insurance companies invest their premium income. Some of the earnings are held in reserve to pay the death benefits or annuities promised in the policies. Earnings in excess of the amounts needed for these purposes may be distributed to holders of whole life or "participating" policies as dividends. These dividends are not taxed at the insurance company level; the insurer is treated like a mutual fund, which passes income through to...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases