Caution! The site can't guarantee, that text has age permission. The site is not recommended, if you are less than 18 years old.
The site shows example sentences for English words. How the word or phrase could be used in a sentence?
" ... Neither the Code nor the regulations define “insurance” or “insurance contract.” In a seminal Supreme Court case, the Court noted that “[h]istorically and commonly insurance involves risk-shifting and risk-distributing." Helvering v. Le Gierse, 312 U.S. 531, 539 (1941) (emphasis added). In addition to risk-shifting and risk-distributing, courts have also considered whether the transaction is insurance “in its commonly accepted sense” and whether the risk is an “insurance risk.” See, e.g., Black Hills Corp. v. Comm’r, 101 T.C. 173, 182 (1993), aff'd, 73 F.3d 799 (8th Cir. 1996). ... "