Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment or life insurance contracts and any amendments or other modifications to such Section or Regulation. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with the grace period afforded by Regulation 1.817-5.
Appears in 23 contracts
Sources: Participation Agreement (Protective NY COLI VUL), Participation Agreement (Protective COLI VUL), Participation Agreement (Separate Account a of Axa Equitable Life Insurance Co)
Diversification. 6.1. 6.1 The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event even of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817817-5. The Fund shall provide the Company information reasonably requested in relation to Section 817(h) diversification requirements, including quarterly reports and annual certifications.
Appears in 15 contracts
Sources: Participation Agreement (Allstate Life of New York Separate Account A), Participation Agreement (Allstate Life of N Y Var Life Sep Acct A), Participation Agreement (Allstate Life of New York Separate Account A)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5. ARTICLE VII.
Appears in 9 contracts
Sources: Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Internal Revenue Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Internal Revenue Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify the Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with the grace period afforded by Treasury Regulation 1.817-5.
Appears in 8 contracts
Sources: Participation Agreement (Occ Accumulation Trust), Participation Agreement (Occ Accumulation Trust), Participation Agreement (Sun Life of Canada U S Variable Account I)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Internal Revenue Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Internal Revenue Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify the Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Treasury Regulation 1.817-5.
Appears in 5 contracts
Sources: Participation Agreement (JPF Variable Annuity Separate Account), Participation Agreement (American Foundation Variable Annuity Separate Account), Participation Agreement (Hamilton Alexander Variable Annuity Separate Account)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.
Appears in 5 contracts
Sources: Participation Agreement (Mony Variable Account A), Participation Agreement (WRL Series Life Corporate Account), Participation Agreement (American Separate Account 5)
Diversification. 6.1. 6.1 The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5. The Fund shall provide the Company information reasonably requested in relation to Section 817(h) diversification requirements, including quarterly reports and annual certifications.
Appears in 3 contracts
Sources: Participation Agreement (Horace Mann Life Insurance Co Separate Account), Participation Agreement (Wilshire Variable Insurance Trust), Participation Agreement (Horace Mann Mutual Funds)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company Society of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.
Appears in 3 contracts
Sources: Participation Agreement (Modern Woodmen of America Variable Account), Participation Agreement (Modern Woodmen of America Variable Annuity Account), Participation Agreement (Modern Woodmen of America Variable Annuity Account)
Diversification. 6.1. The Fund will at all times invest money from the Contracts Variable Products in such a manner as to ensure that the Contracts Variable Products will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to diversify adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.
Appears in 3 contracts
Sources: Fund Participation Agreement (Lazard Retirement Series Inc), Participation Agreement (Fulcrum Separate Account of First Allmerica Fin Life Ins Co), Participation Agreement (Fulcrum Separate Account Allmerica Fin Life Ins & Annuity Co)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h8 17 (h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.
Appears in 3 contracts
Sources: Participation Agreement (Lincoln Life Variable Annuity Account N), Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M)
Diversification. 6.14.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.
Appears in 2 contracts
Sources: Participation Agreement (Riversource Variable Annuity Account), Participation Agreement (Riversource of New York Variable Annuity Account 2)
Diversification. 6.16. 1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.
Appears in 2 contracts
Sources: Participation Agreement (First Penn Pacific Variable Life Insurance Separate Account), Participation Agreement (Lincoln New York Account N for Variable Annuities)
Diversification. 6.16. 1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h8 17(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.
Appears in 2 contracts
Sources: Participation Agreement (Lincoln Life & Annuity Flexible Prem Vari Life Acct M), Participation Agreement (Lincoln New York Account N for Variable Annuities)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Internal Revenue Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h81 7(h) of the Internal Revenue Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify the Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Treasury Regulation 1.817-5.
Appears in 2 contracts
Sources: Participation Agreement (Bankers Life Insurance Co of New York Separate Account I), Participation Agreement (Il Annuity & Insurance Co Separate Account 1)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h8 17(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.
Appears in 2 contracts
Sources: Participation Agreement (Hamilton Alexander Variable Annuity Separate Account), Participation Agreement (Hamilton Alexander Variable Annuity Separate Account)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, each Portfolio of the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.
Appears in 2 contracts
Sources: Participation Agreement (Variable Annuity Account A), Participation Agreement (Variable Annuity Account A)
Diversification. 6.1. 6.1 The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Internal Revenue Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Internal Revenue Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) steps:
A. to notify the Company of such breach and (b) and
B. to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Treasury Regulation 1.817-5.
Appears in 1 contract
Sources: Participation Agreement (Hartford Life Insurance Company Separate Account Two)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps necessary (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817817-5.
Appears in 1 contract
Sources: Participation Agreement (Kilico Variable Separate Account 2)
Diversification. 6.1. The Fund will at all times invest money from the Contracts Contacts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with the grace period afforded by Regulation 1.817-5.
Appears in 1 contract
Sources: Participation Agreement (JPL Separate Account B of Jefferson Pilot Lifeamerica Ins Co)
Diversification. 6.1. 6.1 The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with the grace period afforded by Regulation 1.817817-5.
Appears in 1 contract
Sources: Participation Agreement (Variable Annuity Life Insurance Co Separate Account A)
Diversification. 6.1. The Fund will at all times invest money from the Contracts in such a manner as to ensure that the Contracts will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund will at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for variable annuity, endowment endowment, or life insurance contracts and any amendments or other modifications to such Section or RegulationRegulations. In the event of a breach of this Article VI by the Fund, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Fund so as to achieve compliance with within the grace period afforded by Regulation 1.817-5.Regulation
Appears in 1 contract
Sources: Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M)