Special rule for insurance companies
In the case of an insurance company (as defined in section 816(a)) other than a life insurance company—
(1)
(1)#
the amount of the deduction allowed under subsection (a) shall be the aggregate of the net operating loss carryovers to such year, plus the net operating loss carrybacks to such year, and
(2)#
subparagraph (C) of subsection (b)(2) shall not apply.