Rev. Rul. 2017-03: State-assumed interest rates | KPMG | GLOBAL
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Rev. Rul. 2017-03: State-assumed interest rates, insurance company post-2015 reserves

Rev. Rul. 2017-03: State-assumed interest rates

The IRS today released an advance version of Rev. Rul. 2017-03 providing the schedules of prevailing state-assumed interest rates for use by insurance companies to compute their reserves for tax years beginning after December 31, 2015.


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This guidance is to be used by insurance companies in computing their reserves for contracts concerning:

  • Life insurance and supplementary total and permanent disability benefits 
  • Individual annuities and pure endowments
  • Group annuities and pure endowments

Rev. Rul. 2017-03 [PDF 22 KB] is the 25th supplement to the interest rate schedules (originally set forth in Rev. Rul. 92-19) with respect to the prevailing state-assumed interest rates used by insurance companies to determine their reserves under section 807.

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