DIVERSIFICATION AND RELATED LIMITATIONS. 6.1. Each Trust and MFD represent and warrant that, subject to the Company's compliance with Section 2.2 of this Agreement, each Portfolio of such Trust will meet the diversification requirements of Section 817 (h)(1) of the Code and Treas. Reg. 1.817-5, relating to the diversification requirements for variable annuity, endowment, or life insurance contracts, as they may be amended from time to time (and any revenue rulings, revenue procedures, notices, and other published announcements of the Internal Revenue Service interpreting these sections), as if those requirements applied directly to each such Portfolio.
Appears in 4 contracts
Samples: Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M)
DIVERSIFICATION AND RELATED LIMITATIONS. 6.1. Each Trust and MFD represent and warrant that, subject to the Company's compliance with Section 2.2 of this Agreement, that each Portfolio of such the Trust will meet the diversification requirements of Section 817 (h)(1817(h)(1) of the Code and Treas. Reg. 1.817-5, relating to the diversification requirements for variable annuity, endowment, or life insurance contracts, as they may be amended from time to time (and any revenue rulings, revenue procedures, notices, and other published announcements of the Internal Revenue Service interpreting these sections), as if those requirements applied directly to each such Portfolio. In the event of a breach of this Section 6.1, MFD will promptly notify the Company.
Appears in 3 contracts
Samples: Participation Agreement (Variable Annuity Account A), Participation Agreement (SBL Variable Annuity Account Xiv), Participation Agreement (Variable Annuity Account A)
