irregular premiums

  • Premiums paid on other than the regular annual, semi-annual, or quarterly due dates measured from the policy issue date. Irregular premiums are for the purpose of fixing premium due dates at times when it is more convenient for the insured to make payment and are the contractual dates of the policy.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).