DAC Tax Election definition

DAC Tax Election has the meaning specified in Section 10.2(a).
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DAC Tax Election shall have the meaning ascribed to it under Section 4.04(a).
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DAC Tax Election has the meaning specified in Section 14.2(a).
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Examples of DAC Tax Election in a sentence

  • Such schedule shall be attached to each Party’s U.S. federal income tax return filed for the first taxable year ending after the DAC Tax Election becomes effective.

  • The parties agree to the DAC Tax 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.

  • Section 10.1. DAC Tax Election 30 Section 10.2. Definitions 30 ARTICLE XI.

  • The DAC Tax Election shall be effective for the first taxable year in which this Agreement is effective and for all years for which this Agreement remains in effect.

  • To the extent that Section 848 of the Code and corresponding Regulation 1.848-2 are applicable to the Reinsured Contracts, the Ceding Company and the Reinsurer hereby make the joint election provided for in Regulation 1.848-2(g)(8) (the “DAC Tax Election”) and agree as follows: The Parties will attach a schedule to their respective U.S. federal income tax returns identifying this Agreement as a reinsurance agreement for which the DAC Tax Election has been made.

  • The Company and the Reinsurer agree to the DAC Tax 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.

  • This DAC Tax Election shall be effective on the effective date of this Agreement and shall be effective for all years for which this Agreement remains in effect.

  • Confidential Information shall have the meaning set forth in Section 22.1. DAC Tax Election shall have the meaning set forth in Article 17.

  • Confidential Information shall have the meaning set forth in Section 21.1. DAC Tax Election shall have the meaning set forth in Article 16.


More Definitions of DAC Tax Election

DAC Tax Election shall have the meaning set forth in Section 16.1. Effective Date shall have the meaning set forth in Section 23.1. Errors and Omissions shall have the meaning set forth in Section 19.1. Face Amount shall have the meaning set forth in the underlying Policy. Flat Extra Allowance shall have the meaning set forth in Exhibit E, E.6.
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DAC Tax Election has the meaning set forth in Section 11.2(a). “Disclosing Party” has the meaning set forth in Section 12.2. “Discovered Contract” has the meaning set forth in Section 7.2.
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Related to DAC Tax Election

  • Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.