General description of financial services income
Income is described in this clause if such income is—
(I)#
derived in the active conduct of a banking, financing, or similar business,
(II)#
derived from the investment by an insurance company of its unearned premiums or reserves ordinary and necessary for the proper conduct of its insurance business, or
(III)#
of a kind which would be insurance income as defined in section 953(a) determined without regard to those provisions of paragraph (1)(A) of such section which limit insurance income to income from countries other than the country in which the corporation was created or organized.