Trade Reports. Insurer or its designee shall communicate to the Investment Company, by means of electronic transmission or other mutually acceptable means, a report of Insurer’s trading activity in each of the Funds for the most recent Business Day in accordance with each Fund’s Prospectus. However, if Insurer will be communicating such information after the Close of Trading, then the Insurer shall be considered the Investment Company’s agent for purposes of Rule 22c-1 under the 1940 Act, as and to the extent required by applicable law.
Appears in 3 contracts
Samples: Fund Participation Agreement (Protective NY COLI VUL), Fund Participation Agreement (Protective COLI VUL), Fund Participation Agreement (Jefferson National Life of New York Annuity Account 1)
Trade Reports. Insurer or its designee shall communicate to the Investment Company, by means of electronic transmission or other mutually acceptable means, a report of Insurer’s trading activity in each of the Funds for the most recent Business Day in accordance with each Fund’s Prospectus. However, if Insurer will be communicating such information after the Close of Trading, then the Insurer shall be considered the Investment Company’s agent for purposes of Rule 22c-1 22c-l under the 1940 Act, as and to the extent required by applicable law.
Appears in 1 contract
Samples: Fund Participation Agreement (Separate Account No. 70 of AXA Equitable Life Insurance Co)
