Common use of DAC Tax Election (If applicable to the Company) Clause in Contracts

DAC Tax Election (If applicable to the Company). The Company and the Reinsurer agree to the election pursuant to Section 1.848-2(g)(8) of the Income Tax Regulations effective December 29, 1992, under Section 848 of the Internal Revenue Code of 1986, as amended (such election being referred to as the “DAC Tax Election”), whereby:

Appears in 16 contracts

Samples: Yrt Reinsurance Agreement (Nationwide VL Separate Account-G), Yrt Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Vericity, Inc.)

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DAC Tax Election (If applicable to the Company). The Company and the Reinsurer agree to the election pursuant to Section 1.848-2(g)(8) of the Income Tax Regulations effective December 29, 1992, under Section 848 of the Internal Revenue Code of 1986, as amended (such election being referred to as the "DAC Tax Election"), whereby:

Appears in 4 contracts

Samples: Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Nationwide VLI Separate Account-7), Reinsurance Agreement (Nationwide Vli Separate Account 4)

DAC Tax Election (If applicable to the Company). The Company and the Reinsurer agree to the election pursuant to Section 1.848-2(g)(82(9)(8) of the Income Tax Regulations effective December 29, 1992, under Section 848 of the Internal Revenue Code of 1986, as amended (such election being referred to as the "DAC Tax Election"), whereby:

Appears in 1 contract

Samples: Administered Yrt Reinsurance Agreement (Symetra Separate Account Sl)

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DAC Tax Election (If applicable to the Company). The Company and the Reinsurer agree to the election pursuant to Section 1.8481 .848-2(g)(8) } of the Income Tax Regulations effective December 29, 1992, under Section 848 of the Internal Revenue Code of 1986, as amended (such election being referred to as the “DAC Tax Election”), whereby:

Appears in 1 contract

Samples: Reinsurance Agreement (Symetra Resource Variable Account B)

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