US companies FET status
Information about the Federal Excise Tax (FET) position for US companies.
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The FET position for US companies is as follows:
- Reinsurance ceded to companies incorporated in the US is protected.
- Reinsurance ceded to a US branch of a non-US company is protected either if the premiums are subject to US Federal Income Tax as part of the US profits of the branch, or if the branch is a branch of a protected insurer.