What does Related Party Insurance Income mean? Read on to discover the definition & meaning of the term Related Party Insurance Income - to help you better understand the language used in insurance policies.
Related Party Insurance Income
Premium income to an offshore insurance company from policies issued to shareholders of the company. RPII is a complicated subject. One of its aspects is that if less than 20 percent of a captive's income is RPII, U.S. federal income tax treatment is more favorable.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Related Party Insurance Income. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: