Examples of Separate Accounts in a sentence
The Company represents that each of the Separate Accounts is a separate account under Iowa insurance law and that it has registered or will register each of the Separate Accounts (except for such Separate Accounts for which no such registration is required) as a unit investment trust under the Investment Company Act of 1940, as amended (the “1940 Act”), to serve as an investment vehicle for the Contracts.
Stock certificates will not be issued to the Company or the Separate Account(s).
The Company agrees to provide the Funds each year within 60 days of the end of the Funds’ fiscal year, or when reasonably requested by the Funds, information as to the number of shares purchased by Separate Accounts.
The Company Parties agree that the Separate Accounts will meet the criteria for purchasing shares of the Funds at NAV as described in the Funds’ Prospectuses and Statement of Additional Information (“SAI”).
Shares purchased from each Fund will be recorded in an appropriate title for the Separate Account(s).