Page:United States Statutes at Large Volume 56 Part 1.djvu/984

 PUBLIC LAWS-CH. 619-OCT. 21, 1942 in a State, Territory, or District of the United States within which such insurer is authorized to do business, a tax of 4 cents on each dollar, or fractional part thereof, of the premium charged. "(b) LIFE INSURANCE, SICKNESS, AND ACCIDENT POLICIES, AND ANNUITY CONTRACTS. - On each policy of insurance or annuity con- tract, or certificate, binder, covering note, receipt, memorandum, cable- gram, letter, or other instrument by whatever name called whereby a contract of insurance or an annuity contract-is made, continued, or renewed with respect to the life or hazards to the person of a citizen or resident of the United States, if the insurer is a nonresident alien individual, or a foreign partnership, or a foreign corporation, unless such policy or other instrument is signed or countersigned by an officer or agent of the insurer in a State, Territory, or District of the United States within which such insurer is authorized to do business, or unless Ante, p. 867. the insurer is subject to tax under section 201, a tax of 1 cent on each dollar or fractional part thereof, of the premium charged. "(c) REINSURANCE.-On each policy of reinsurance, certificate, binder, covering note, receipt, memorandum, cablegram, letter or other instrument by whatever name called whereby a contract of rein- surance is made, continued, or renewed against, or with respect to, any of the hazards, risks, losses, or liabilities covered by contracts described in subsections (a) and (b) of this section if the reinsurer is a nonresident alien individual, or a foreign partnership, or a for- eign corporation, and if such policy or other instrument is not signed or countersigned by an officer or agent of the reinsurer in a State, Territory, or District of the United States within which such rein- surer is authorized to do business, a tax of 1 cent on each dollar, or fractional part thereof, of the premium charged. "(d) When used in this section- "(1) The term 'indemnity, fidelity, or surety bond' includes any bond for indemnifying any person who shall have become bound or engaged as surety, and any bond for the due execution or performance of any contract, obligation, or requirement, or the duties of any office or position, and to account for money received by virtue thereof, where a premium is charged for the execution of such bond. "(2) The term 'insurer' includes any person who shall become bound by an obligation of the nature of an indemnity, fidelity or surety bond, where a premium is charged for the execution of such obligation." (b) PAYMENTS TO WHICH AMENDMENTS APPLICABLE.-The amend- ments made by this section shall apply to the making, continuing, or renewal of contracts occurring on or after the first day of the first month which begins more than 10 days after the date of the enact- ment of this Act. SEC. 503. SUIT AGAINST COLLECTOR BAR IN OTHER SUITS. 3 SUat. . 37 Section 3772 (relating to suits) is amended by inserting at the end Supp. I, § 3772. thereof the following new subsection: "(d) Surrs AGAINST COLLECTOR A BAR. -A suit against a collector (or former collector) or his personal representative for the recovery of any internal revenue tax alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected shall be treated as if the United States had been a party to such suit in applying the doc- trine of res judicata in all suits instituted after June 15, 1942, in respect of any internal revenue tax, and in all proceedings in the Board and on review of decisions of the Board where the petition to the Board was filed after such date." [56 STAT.

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