In case where the beneficiary of insurance money and the payer of
premiums are different in a life insurance or non-life insurance, the amount
equivalent to insurance money shall be deemed to be the value of donated
property of the beneficiary of insurance money in the case of an occurrence
of insurance risk, and in case where the beneficiary of insurance money
has paid the premiums by receiving a donation of property from another
person within the insurance contract period, the amount obtained by
deducting the paid amount of relevant premiums from the amount equivalent
to the insurance money in return for the paid amount of such premiums
shall be deemed to be the value of donated property of the beneficiary
of insurance money.