The high$-$foreign$-$tax exception applies to foreign base company income $($FBCI$)$ and insurance income if the controlled foreign corporation $($CFC$)$ is subject to a foreign effective tax rate that is which of the following?

$($a$)$ Equal to the U$.$S$.$ corporate rate

$($b$)$ Equal to the U$.$S$.$ individual rate

$($c$)$ Greater than $90\%$ of the maximum U$.$S$.$ corporate rate

$($d$)$ Greater than $90\%$ of the maximum U$.$S$.$ individual rate