DAC TAX AGREEMENT. CEDING COMPANY and REINSURER, herein collectively called the "Parties", or singularly the "Party", hereby enter into an election under Treasury Regulations Section 1.848-2(g) (8) whereby: a. For each taxable year under this Agreement, the party with the net positive consideration, as defined in the regulations promulgated under Treasury Code Section 848, will capitalize specified policy acquisition expenses with respect to this Agreement without regard to general deductions limitation of Section 848 (c) (1);
Appears in 9 contracts
Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life of New York Account 8)
DAC TAX AGREEMENT. CEDING COMPANY The Ceding Company and REINSURERthe Reinsurer, herein collectively called the "Parties", or singularly the "Party", hereby enter into an election under Treasury Regulations Section 1.848-2(g) (8) whereby:
a. For each taxable year under this Agreement, the party with the net positive consideration, as defined in the regulations promulgated under Treasury Code Section 848, will capitalize specified policy acquisition expenses with respect to this Agreement without regard to general deductions limitation of Section 848 (c) (1);
Appears in 4 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
DAC TAX AGREEMENT. CEDING COMPANY The Ceding Company and REINSURER, herein collectively called the "Parties", or singularly the "Party", Reinsurer hereby enter into an election under Treasury Regulations Section 1.848-2(g) (8) whereby:
a. For each taxable year under this Agreement, the party with the net positive consideration, as defined in the regulations promulgated under Treasury Code Section 848, will capitalize specified policy acquisition expenses with respect to this Agreement without regard to general deductions limitation of Section 848 (c) (1);
Appears in 2 contracts
Samples: Facultative Yearly Renewable Term Reinsurance Agreement (Farmers Variable Life Separate Account A), Reinsurance Agreement (National Variable Life Insurance Account)
DAC TAX AGREEMENT. CEDING COMPANY and REINSURER, ____ herein collectively called the "Parties", or singularly the "Party", hereby enter into an election under Treasury Regulations Section 1.848-2(g) (8) whereby:
a. For which each taxable year under this Agreement, the party with the net positive consideration, as defined in the regulations promulgated under Treasury Code Section 848, will capitalize specified policy acquisition expenses with respect to this Agreement without regard to general deductions limitation of Section 848 (c) (1). ;
Appears in 1 contract
Samples: Reinsurance Agreement (National Variable Life Insurance Account)
DAC TAX AGREEMENT. CEDING COMPANY and REINSURERSECURITY, herein collectively called the "Parties", or singularly the "Party", hereby enter into an election under Treasury Regulations Section 1.848-2(g2 (g)(8) (8) whereby:
a. For each taxable year under this Agreement, the party with the net positive consideration, as defined in the regulations promulgated under Treasury Code Section 848, will capitalize specified policy acquisition expenses with respect to this Agreement without regard to general deductions limitation of Section 848 (c) (1c)(1);
Appears in 1 contract
Samples: Reinsurance Agreement (Life Insurance Separate Account of Usaa Life Insurance Co)
DAC TAX AGREEMENT. The CEDING COMPANY and REINSURER, the REINSURER herein collectively called the "Parties", or singularly the "Party", hereby enter into an election under Treasury Regulations Section 1.848-2(g) (8) whereby:
a. For each taxable year under this Agreement, the party with the net positive consideration, as defined in the regulations promulgated under Treasury Code Section 848, will capitalize specified policy acquisition expenses with respect to this Agreement without regard to general deductions limitation of Section 848 (c848(c) (1);
Appears in 1 contract
