Reserves at 1-1-58 | $1,000,000 | |
Exclude reserves (at beginning of year) on contracts transferred to N | 60,000 | |
Recomputed amount at 1-1-58 | $940,000 | |
Reserves at 12-31-58 | 1,040,000 | |
Sum | 1,980,000 | |
Mean | 990,000 | |
Adjustment for reserves transferred on 8-14-58: | ||
Reserves at 1-1-58 on contracts transferred to N | $60,000 | |
Reserves at 3-14-58 on such contracts | 64,000 | |
Sum | 124,000 | |
Mean | 62,000 | |
Fraction taken into account | 73/365 | |
Adjustment (73/365 * $62,000) | $12,400 | |
Mean of M's life insurance reserves after section 806(a) adjustment | 1,002,400 |
Assets at 1-1-58 | $1,300,000 | |
Exclude assets (at beginning of year) on contracts transferred to N | 60,000 | |
Recomputed amount at 1-1-58 | $1,240,000 | |
Assets at 12-31-58 | 1,380,000 | |
Sum | 2,620,000 | |
Mean | 1,310,000 | |
Adjustments for assets transferred on 3-14-58: | ||
Assets at 1-1-58 on contracts transferred to N | $60,000 | |
Assets at 3-14-58 on such contracts | 64,000 | |
Sum | 124,000 | |
Mean | 62,000 | |
Fraction taken into account | 73/365 | |
Adjustment (73/365 * $62,000)- | $12,400 | |
Mean of M's assets after section 806(a) adjustment | 1,322,400 |
Reserves at 1-1-58 | $6,000,000 | |
Reserves at 12-31-58 | $6,400,000 | |
Exclude reserves (at end of year) on contracts transferred from M | 80,000 | |
Recomputed amount at 12-31-58 | 6,320,000 | |
Sum | 12,320,000 | |
Mean | 6,160,000 | |
Adjustment for reserves transferred on 3-14-58: | ||
Reserves at 3-14-58 on contracts transferred from M | $64,000 | |
Reserves at 12-31-58 on such contracts | 80,000 | |
Sum | 144,000 | |
Mean | 72,000 | |
Fraction taken into account | 292/365 | |
Adjustment (292/365 * $72,000) | 57,600 | |
Mean of N's life insurance reserves after section 806(a) adjustment | 6,217,600 |
Assets at 1-1-58 | $6,800,000 | |
Assets at 12-31-58 | $7,300,000 | |
Exclude assets (at end of year) on contracts transferred from M | 80,000 | |
Recomputed amount at 12-31-58 | 7,220,000 | |
Sum | 14,020,000 | |
Mean | 7,010,000 | |
Adjustments for assets transferred on 3-14-58: | ||
Assets at 3-14-58 on contracts transferred from M | $64,000 | |
Assets at 12-31-58 on such contracts | 80,000 | |
Sum | 144,000 | |
Mean | 72,000 | |
Fraction taken into account | 292/365 | |
Adjustment (292/365 * $72,000) | $57,600 | |
Mean of N's assets after section 806(a) adjustment | 7,067,600 |
26 C.F.R. §1.806-3