Compliance with Code. 6.1. The Trust undertakes to comply with Section 817(h) of the Code, and all regulations issued thereunder. 6.2. The Trust undertakes to maintain its qualification as a registered investment company (under Subchapter M or any successor or similar provision), and undertakes to notify the Company immediately upon having a reasonable basis for believing that it has ceased to so qualify or that it might not so qualify in the future. 6.3. The Company undertakes to maintain the treatment of the Contracts as annuity contracts or life insurance policies, whichever is appropriate, under applicable provisions of the Code and shall notify the Trust immediately upon having a reasonable basis for believing that the Contracts have ceased to be so treated or that they might not be so treated in the future.
Appears in 8 contracts
Samples: Participation Agreement (Variable Account a/Ma), Participation Agreement (Variable Account a of Keyport Benefit Life Insurance Co), Participation Agreement (Phoenix Life Variable Universal Life Account)
