INSURANCE COMPANIES 1223 Tax Lawyer, Vol. 55, No. 4 INSURANCE COMPANIES SUBMITTED BY THE COMMITTEE ON INSURANCE COMPANIES: MICHAEL A. BELL, COMMITTEE CHAIR; FREDERICK J. KRULL, SUBCOMMITTEE CHAIR ON IMPORTANT DEVELOPMENTS* Cases and Rulings Prohibition of Life Member Losses Against Nonlife Member Income In Nichols v. United States, 260 F.3d 637 (6th Cir. 2001), the Sixth Circuit affirmed a lower court decision upholding the validity of the life-nonlife consoliidate return regulations under...