Net Positive Consideration. The party with the net positive consideration for this Contract for each taxable year will capitalize specified policy acquisition expenses with respect to the Contract without regard to the general deductions limitation of Regulation Section 848(c)(1).
Appears in 2 contracts
Samples: Life Surplus Share Reinsurance Contract (Prudential Variable Contract Account Gi-2), Reinsurance Contract (Prudential Variable Contract Account Gi-2)
Net Positive Consideration. The party with the net positive consideration for this Contract for each taxable year will capitalize specified policy acquisition expenses with respect to the Contract without regard to the general deductions limitation of Regulation Section 848(c)(1).. Effective: January 1, 2017 U1G30006
Appears in 1 contract
Samples: Life Surplus Share Reinsurance Contract (Prudential Variable Contract Account Gi-2)
Net Positive Consideration. The party Any Party with the net positive consideration for under this Contract Agreement for each taxable year will capitalize specified policy acquisition expenses with respect to the Contract this Agreement without regard to the general deductions limitation of Regulation Section 848(c)(1)) of the Code.
Appears in 1 contract
Samples: Life Assumption Agreement
