If, in any year, a Resident has paid insurance premiums or installments for the portion relating to earthquake or similar damage (excluding those prescribed by Cabinet Order; referred to as "earthquake insurance premiums" in this paragraph) under a casualty insurance policy or similar contract whose subject matter of insurance or mutual aid is a house owned by the Resident or by the Resident's spouse or any other relative whose living expenses are paid from the same resources as the Resident and constantly used as their residence, or assets prescribed in Article 9, paragraph (1), item (ix) (Nontaxable Income) owned by those persons, and under which insurance proceeds or mutual aid benefits are paid to cover the amount of loss incurred with respect to those assets due to damage from fire, destruction, burial or washing away directly or indirectly caused by an earthquake, a volcanic eruption, or a tsunami resulting from either of these (referred to as "earthquake or similar damage" in this paragraph), the total amount of earthquake insurance premiums paid during the year (or, if in that year the Resident has received a distribution of surplus or a refund of rebates under the casualty insurance policy or similar contract, or has appropriated surplus to be distributed or rebates to be refunded under the casualty insurance policy or similar contract to the payment of earthquake insurance premiums, the balance remaining after deducting the amount of that surplus or those rebates (limited to the amount of the portion relating to earthquake insurance premiums), and if that amount exceeds 50,000 yen, 50,000 yen) is allowed as a deduction from the Resident's gross income, retirement income or timber income for the year.
居住者が、各年において、自己若しくは自己と生計を一にする配偶者その他の親族の有する家屋で常時その居住の用に供するもの又はこれらの者の有する第九条第一項第九号（非課税所得）に規定する資産を保険又は共済の目的とし、かつ、地震若しくは噴火又はこれらによる津波を直接又は間接の原因とする火災、損壊、埋没又は流失による損害（以下この項において「地震等損害」という。）によりこれらの資産について生じた損失の額をてん補する保険金又は共済金が支払われる損害保険契約等に係る地震等損害部分の保険料又は掛金（政令で定めるものを除く。以下この項において「地震保険料」という。）を支払つた場合には、その年中に支払つた地震保険料の金額の合計額（その年において損害保険契約等に基づく剰余金の分配若しくは割戻金の割戻しを受け、又は損害保険契約等に基づき分配を受ける剰余金若しくは割戻しを受ける割戻金をもつて地震保険料の払込みに充てた場合には当該剰余金又は割戻金の額（地震保険料に係る部分の金額に限る。）を控除した残額とし、その金額が五万円を超える場合には五万円とする。）を、その居住者のその年分の総所得金額、退職所得金額又は山林所得金額から控除する。
The casualty insurance policy or similar contract prescribed in the preceding paragraph means a contract that is concluded as a supplement to one of the following contracts, or a single insurance policy or mutual aid contract that becomes valid together with such a contract:
前項に規定する損害保険契約等とは、次に掲げる契約に附帯して締結されるもの又は当該契約と一体となつて効力を有する一の保険契約若しくは共済に係る契約をいう。
an insurance policy concluded by a casualty insurance company prescribed in Article 2, paragraph (4) (Definitions) of the Insurance Business Act or a foreign casualty insurance company, etc. prescribed in paragraph (9) of that Article, which is designed to cover damage arising from certain types of unavoidable accidents (other than one set forth in paragraph (6), item (iv) of the preceding Article and other than one that such a foreign casualty insurance company, etc. has concluded outside Japan);
a contract for mutual aid in building renovation or mutual aid for fire damage concluded by an agricultural cooperative engaged in business referred to in Article 10, paragraph (1), item (x) (Facilities for Mutual Aid) of the Agricultural Cooperatives Act, or any other contract for similar mutual aid prescribed by Cabinet Order.
農業協同組合法第十条第一項第十号（共済に関する施設）の事業を行う農業協同組合の締結した建物更生共済又は火災共済に係る契約その他政令で定めるこれらに類する共済に係る契約
A deduction under paragraph (1) is referred to as an earthquake insurance premium deduction.
第一項の規定による控除は、地震保険料控除という。