Paragraph (1) shall not apply— (A) to any qualified investment income dividend received from a catastrophic risk transfer company by a person to the extent such dividend is attributable to investment income received by such company on indebtedness issued by such person or by any corporation or partnership with respect to which such person is a 10-percent shareholder, (B) to any qualified investment income dividend with respect to stock of a catastrophic risk transfer company unless the person who would otherwise be required to deduct and withhold tax from such dividend under chapter 3 receives a statement (which meets requirements similar to the requirements of subsection (h)(5)) that the beneficial owner of such stock is not a United States person, and (C) to any qualified investment income dividend paid to any person within a foreign country (or any such dividend payment addressed to, or for the account of, persons within such foreign country) during any period described in subsection (h)(6) with respect to such country. Subparagraph (C) shall not apply to any dividend with respect to any stock which was acquired on or before the date of the publication of the Secretary's determination under subsection (h)(6). (3) Qualified investment income dividend For purposes of this paragraph, the term qualified investment income dividend means the portion of any dividend distributed by a catastrophic risk transfer company— (A) which is attributable to investment income from qualified investments earned during a taxable year in which the catastrophic risk transfer company meets the requirements of subsection (b) of section 860M and subsection (a) of section 860N, and (B) which is reported by the company as a qualified investment income dividend in written statements furnished to its security holders. . (2) Foreign corporations Section 881 of such Code is amended by redesignating subsection (f) as subsection (g) and by inserting after subsection (e) the following: (f) Exemption for qualified investment income dividends of