CLHIA comments on the proposed regulation "Exception from Passive Income for Certain Foreign Insurance Companies"Release Date: 07/23/2015 Staff Reference: Peggy McFarland
The members of the Canadian Life and Health Insurance Association (the “CLHIA”) respectfully submit this letter in response to the request for comments included in the Notice of Proposed Rulemaking, Exception from Passive Income for Certain Foreign Insurance Companies (REG-121542-14), published by the Department of Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) in the Federal Register on April 24, 2015. 80 Fed. Reg. 22954 (Apr. 24, 2015).