Common use of DAC Tax Election Clause in Contracts

DAC Tax Election. With respect to this Agreement, FAFLIC and the Reinsurer hereby make the election provided for in Section 1.848-2(g)(8) of the Treasury Regulations issued under Section 848 of the Code, and as set forth in EXHIBIT C. Each of the parties hereto agrees to take such further actions as may be reasonably necessary to ensure the effectiveness of such election.

Appears in 2 contracts

Samples: Faflic Trust Agreement (Separate Acct Va K of First Allmerica Financial Life Ins Co), Faflic Trust Agreement (Vel Ii Acct of State Mutual Life Assur Co of America)

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DAC Tax Election. With respect to this Agreement, FAFLIC the Company and the Reinsurer hereby make the election provided for in Section 1.848-2(g)(8) of the Treasury Regulations issued under Section 848 of the Code, and as set forth in EXHIBIT C. Exhibit E. Each of the parties hereto agrees to take such further actions as may be reasonably necessary to ensure the effectiveness of such election.

Appears in 1 contract

Samples: Purchase Agreement (Intramerica Variable Annuity Account)

DAC Tax Election. With respect to this Agreement, FAFLIC the Company and the Reinsurer hereby make the election provided for in Section 1.848-2(g)(8) of the Treasury Regulations issued under Section 848 of the Code, and as set forth in EXHIBIT C. Exhibit B. Each of the parties hereto agrees to take such further actions as may be reasonably necessary to ensure the effectiveness of such election.

Appears in 1 contract

Samples: Accident and Health Coinsurance Agreement (Hanover Insurance Group, Inc.)

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DAC Tax Election. With respect to this Agreement, FAFLIC the Company and the Reinsurer hereby make the election provided for in Section 1.848-2(g)(8) of the Treasury Regulations issued under Section 848 of the Code, and as set forth in EXHIBIT C. Exhibit F. Each of the parties hereto agrees to take such further actions as may be reasonably necessary to ensure the effectiveness of such election.

Appears in 1 contract

Samples: Purchase Agreement (Charter National Variable Annuity Account)

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