It's a benefit that would, generally speaking, be conferred on the insurance company, but what we have heard from some insurance companies is that that cost would be passed on to policyholders if the amendment was not made.
Directly speaking, under the existing rules for financial institutions, a dividend received deduction would be denied, including for insurance companies, and this would provide an exemption so that insurance companies, if they meet the conditions of this exemption, would be able to continue to claim the dividend received deduction. It would impact their tax at the corporate level.