Diversification. 6.1. The Trust will comply with Section 817(h) of the Code and Treasury Regulation Section 1.817-5 relating to the diversification requirements for variable annuity, endowment, modified endowment or life insurance contracts and any amendments or other modifications to that Section or Regulation at all times necessary to satisfy those requirements.
Appears in 30 contracts
Samples: Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account A), Participation Agreement (WRL Series Life Account), Participation Agreement (Tflic Series Life Account)
Diversification. 6.1. The Trust will comply with Section 817(h) of the Code and Treasury Regulation Section 1.817-5 relating to the diversification requirements for variable annuity, endowment, modified endowment or life insurance contracts and any amendments or other modifications to that Section or Regulation at all times necessary to satisfy those requirements.
Appears in 19 contracts
Samples: Participation Agreement (Bma Variable Life Account A), Participation Agreement (Canada Life of New York Variable Annuity Account 1), Participation Agreement (Canada Life of New York Variable Annuity Account 1)
Diversification. 6.15.1. The Trust will at all times comply with Section 817(h) of the Code and Treasury Regulation Section 1.817-5 5, relating to the diversification requirements for variable annuity, endowment, modified endowment or life insurance contracts and any amendments or other modifications to that such Section or Regulations. In the event the Trust ceases to so qualify, it will take all reasonable steps (a) to notify Company of such event and (b) to adequately diversify the Trust so as to achieve compliance within the grace period afforded by Regulation at all times necessary to satisfy those requirements1.817-5.
Appears in 2 contracts
Samples: Participation Agreement (PFL Retirement Builder Variable Annuity Account), Fund Participation Agreement (One Group Investment Trust)
Diversification. 6.1. The Trust will comply with Section 817(h817 (h) of the Code and Treasury Regulation Section 1.817-5 relating to the diversification requirements for variable annuity, endowment, modified endowment or life insurance contracts and any amendments or other modifications to that Section or Regulation at all times necessary to satisfy those requirements.
Appears in 1 contract
Samples: Participation Agreement (Conseco Variable Annuity Account E)