{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-fund-will", "type": "clause", "offset": [5, 18]}, {"key": "at-all-times", "type": "clause", "offset": [19, 31]}, {"key": "the-contracts", "type": "clause", "offset": [50, 63]}, {"key": "to-ensure", "type": "clause", "offset": [84, 93]}, {"key": "variable-contracts", "type": "definition", "offset": [132, 150]}, {"key": "the-code", "type": "clause", "offset": [157, 165]}, {"key": "the-regulations", "type": "clause", "offset": [170, 185]}, {"key": "the-foregoing", "type": "definition", "offset": [235, 248]}, {"key": "comply-with", "type": "clause", "offset": [277, 288]}, {"key": "treasury-regulation", "type": "definition", "offset": [320, 339]}, {"key": "relating-to", "type": "definition", "offset": [349, 360]}, {"key": "requirements-for", "type": "clause", "offset": [381, 397]}, {"key": "variable-annuity", "type": "definition", "offset": [398, 414]}, {"key": "insurance-contracts", "type": "definition", "offset": [435, 454]}, {"key": "modifications-to", "type": "clause", "offset": [483, 499]}, {"key": "article-vi", "type": "definition", "offset": [562, 572]}, {"key": "by-the-fund", "type": "clause", "offset": [573, 584]}, {"key": "reasonable-steps", "type": "definition", "offset": [603, 619]}, {"key": "notify-company", "type": "clause", "offset": [627, 641]}, {"key": "the-grace-period", "type": "clause", "offset": [733, 749]}], "size": 555, "samples": [{"hash": "17Cy8rySdq5", "uri": "/contracts/17Cy8rySdq5#diversification", "label": "Participation Agreement (MML Bay State Variable Life Separate Account I)", "score": 37.3093757629, "published": true}, {"hash": "isRkbDFNL5B", "uri": "/contracts/isRkbDFNL5B#diversification", "label": "Participation Agreement (AuguStar Variable Account R)", "score": 34.9972610474, "published": true}, {"hash": "dpOeBd0RFle", "uri": "/contracts/dpOeBd0RFle#diversification", "label": "Participation Agreement (AuguStar Variable Account R)", "score": 34.9972610474, "published": true}], "snippet": "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 Regulations. 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 within the grace period afforded by Regulation 1.817-5.", "hash": "1f26b598786e3496cdc46528230f796c", "id": 1}, {"snippet_links": [{"key": "the-trust", "type": "clause", "offset": [4, 13]}, {"key": "best-efforts", "type": "clause", "offset": [28, 40]}, {"key": "to-maintain", "type": "clause", "offset": [71, 82]}, {"key": "diversified-pool", "type": "definition", "offset": [85, 101]}, {"key": "asset-account", "type": "clause", "offset": [160, 173]}, {"key": "provisions-of", "type": "clause", "offset": [203, 216]}], "size": 73, "samples": [{"hash": "ey75eCh3Kp6", "uri": "/contracts/ey75eCh3Kp6#diversification", "label": "Participation Agreement (Putnam Variable Trust)", "score": 35.2984275818, "published": true}, {"hash": "9cdm8wbiEYt", "uri": "/contracts/9cdm8wbiEYt#diversification", "label": "Participation Agreement (Thrivent Variable Annuity Account I)", "score": 29.491443634, "published": true}, {"hash": "g9ReKOjDp54", "uri": "/contracts/g9ReKOjDp54#diversification", "label": "Participation Agreement (MEMBERS Horizon Variable Separate Account)", "score": 25.0752906799, "published": true}], "snippet": "7.1 The Trust shall use its best efforts to cause each Authorized Fund to maintain a diversified pool of investments that would, if such Fund were a segregated asset account, satisfy the diversification provisions of Treas. Reg. \u00a7 1.817-5(b)(1) or (2).", "hash": "db02b1c8670c4d5fc291fe51d0395b7a", "id": 8}, {"snippet_links": [{"key": "the-fund-will", "type": "clause", "offset": [4, 17]}, {"key": "at-all-times", "type": "clause", "offset": [18, 30]}, {"key": "the-contracts", "type": "clause", "offset": [49, 62]}, {"key": "to-ensure", "type": "clause", "offset": [83, 92]}, {"key": "variable-contracts", "type": "definition", "offset": [131, 149]}, {"key": "the-code", "type": "clause", "offset": [156, 164]}, {"key": "the-regulations", "type": "clause", "offset": [169, 184]}, {"key": "the-foregoing", "type": "definition", "offset": [234, 247]}, {"key": "comply-with", "type": "clause", "offset": [276, 287]}, {"key": "treasury-regulations", "type": "definition", "offset": [323, 343]}, {"key": "relating-to", "type": "definition", "offset": [355, 366]}, {"key": "requirements-for", "type": "clause", "offset": [387, 403]}, {"key": "variable-annuity", "type": "definition", "offset": [404, 420]}, {"key": "insurance-contracts", "type": "definition", "offset": [440, 459]}, {"key": "from-time-to-time", "type": "clause", "offset": [464, 481]}, {"key": "in-effect", "type": "clause", "offset": [482, 491]}], "size": 171, "samples": [{"hash": "i2I6nLOhV5C", "uri": "/contracts/i2I6nLOhV5C#diversification", "label": "Participation Agreement (Metropolitan Tower Separate Account Two)", "score": 30.3237514496, "published": true}, {"hash": "2dHOpRR760U", "uri": "/contracts/2dHOpRR760U#diversification", "label": "Participation Agreement (Metropolitan Tower Separate Account Two)", "score": 30.3237514496, "published": true}, {"hash": "ppv2ic56wS", "uri": "/contracts/ppv2ic56wS#diversification", "label": "Participation Agreement (Brighthouse Funds Trust II)", "score": 26.3182754517, "published": true}], "snippet": "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 any Treasury Regulations thereunder relating to the diversification requirements for variable annuity, endowment or life insurance contracts, as from time to time in effect.", "hash": "4c4ca2cc33d7e3d810f79e517c05987e", "id": 2}, {"snippet_links": [{"key": "the-fund-will", "type": "clause", "offset": [5, 18]}, {"key": "best-efforts", "type": "clause", "offset": [27, 39]}, {"key": "at-all-times", "type": "clause", "offset": [43, 55]}, {"key": "comply-with", "type": "clause", "offset": [56, 67]}, {"key": "the-code", "type": "clause", "offset": [86, 94]}, {"key": "treasury-regulation", "type": "definition", "offset": [99, 118]}, {"key": "relating-to", "type": "definition", "offset": [128, 139]}, {"key": "requirements-for", "type": "clause", "offset": [160, 176]}, {"key": "insurance-contracts", "type": "definition", "offset": [205, 224]}, {"key": "modifications-to", "type": "clause", "offset": [253, 269]}, {"key": "in-the-event-the", "type": "clause", "offset": [299, 315]}, {"key": "reasonable-steps", "type": "definition", "offset": [356, 372]}, {"key": "the-company", "type": "clause", "offset": [387, 398]}, {"key": "time-period", "type": "clause", "offset": [490, 501]}], "size": 141, "samples": [{"hash": "dYqbJW8Wosi", "uri": "/contracts/dYqbJW8Wosi#diversification", "label": "Participation Agreement (SBL Variable Annuity Account Xiv)", "score": 34.3264884949, "published": true}, {"hash": "57PXkgEYGGC", "uri": "/contracts/57PXkgEYGGC#diversification", "label": "Participation Agreement (Variable Annuity Account A)", "score": 34.3264884949, "published": true}, {"hash": "bdCllaZr0PJ", "uri": "/contracts/bdCllaZr0PJ#diversification", "label": "Participation Agreement (SBL Variable Annuity Account Xiv)", "score": 25.3244361877, "published": true}], "snippet": "6.1. The Fund will use its best efforts to at all times comply with Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for annuity, endowment, or life insurance contracts and any amendments or other modifications to such Section or Regulations. In the event the Fund ceases to so qualify, it will take reasonable steps to (a) notify the Company of such event and (b) adequately diversify the Fund so as to achieve compliance within the time period afforded by Regulation 1.817-5.", "hash": "1cb176ed621b56183a4dbb0920336be8", "id": 3}, {"snippet_links": [{"key": "the-fund-will", "type": "clause", "offset": [5, 18]}, {"key": "at-all-times", "type": "clause", "offset": [19, 31]}, {"key": "the-contracts", "type": "clause", "offset": [50, 63]}, {"key": "to-ensure", "type": "clause", "offset": [84, 93]}, {"key": "variable-contracts", "type": "definition", "offset": [132, 150]}, {"key": "the-code", "type": "clause", "offset": [157, 165]}, {"key": "the-regulations", "type": "clause", "offset": [170, 185]}, {"key": "the-foregoing", "type": "definition", "offset": [235, 248]}, {"key": "comply-with", "type": "clause", "offset": [277, 288]}, {"key": "treasury-regulation", "type": "definition", "offset": [320, 339]}, {"key": "relating-to", "type": "definition", "offset": [349, 360]}, {"key": "requirements-for", "type": "clause", "offset": [381, 397]}, {"key": "variable-annuity", "type": "definition", "offset": [398, 414]}, {"key": "insurance-contracts", "type": "definition", "offset": [434, 453]}, {"key": "modifications-to", "type": "clause", "offset": [482, 498]}, {"key": "article-vi", "type": "definition", "offset": [560, 570]}, {"key": "by-the-fund", "type": "clause", "offset": [571, 582]}, {"key": "reasonable-steps", "type": "definition", "offset": [601, 617]}, {"key": "notify-company", "type": "clause", "offset": [625, 639]}, {"key": "the-grace-period", "type": "clause", "offset": [729, 745]}], "size": 95, "samples": [{"hash": "9D4StqVEdBU", "uri": "/contracts/9D4StqVEdBU#diversification", "label": "Participation Agreement (Protective NY COLI VUL)", "score": 30.7207393646, "published": true}, {"hash": "b2ANBIDkHaB", "uri": "/contracts/b2ANBIDkHaB#diversification", "label": "Participation Agreement (Protective COLI VUL)", "score": 29.9568786621, "published": true}, {"hash": "1HupNWXAWJd", "uri": "/contracts/1HupNWXAWJd#diversification", "label": "Participation Agreement (Separate Account a of Axa Equitable Life Insurance Co)", "score": 26.2936344147, "published": true}], "snippet": "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.", "hash": "da1c58c140656f437c02e25cab10fa42", "id": 4}, {"snippet_links": [{"key": "to-maintain", "type": "clause", "offset": [67, 78]}, {"key": "diversified-pool", "type": "definition", "offset": [81, 97]}, {"key": "asset-account", "type": "clause", "offset": [156, 169]}, {"key": "diversification-requirements", "type": "clause", "offset": [183, 211]}, {"key": "article-vi", "type": "definition", "offset": [292, 302]}, {"key": "by-the-trust", "type": "clause", "offset": [303, 315]}, {"key": "reasonable-steps", "type": "definition", "offset": [334, 350]}, {"key": "the-company", "type": "clause", "offset": [366, 377]}, {"key": "the-grace-period", "type": "clause", "offset": [471, 487]}, {"key": "treasury-regulation", "type": "definition", "offset": [500, 519]}], "size": 92, "samples": [{"hash": "k7mTKbpxiKw", "uri": "/contracts/k7mTKbpxiKw#diversification", "label": "Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)", "score": 19.0, "published": true}, {"hash": "k5QPhNBnRVT", "uri": "/contracts/k5QPhNBnRVT#diversification", "label": "Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)", "score": 19.0, "published": true}, {"hash": "iTem1zk3IE0", "uri": "/contracts/iTem1zk3IE0#diversification", "label": "Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)", "score": 19.0, "published": true}], "snippet": "6.1 The Trust will invest its assets to cause each Authorized Fund to maintain a diversified pool of investments that would, if such Fund were a segregated asset account, satisfy the diversification requirements of Treasury Reg. section 1.817-5(b)(1) or (2). In the event of a breach of this Article VI by the Trust, it will take all reasonable steps: (a) to notify the Company of such breach; and (b) to adequately diversify the Trust so as to achieve compliance within the grace period afforded by Treasury Regulation 1.817-5.", "hash": "3e6c9b10840be12584fca11042ceb67f", "id": 5}, {"snippet_links": [{"key": "at-all-times", "type": "clause", "offset": [20, 32]}, {"key": "the-contracts", "type": "clause", "offset": [51, 64]}, {"key": "to-ensure", "type": "clause", "offset": [85, 94]}, {"key": "variable-contracts", "type": "definition", "offset": [133, 151]}, {"key": "the-code", "type": "clause", "offset": [158, 166]}, {"key": "the-regulations", "type": "clause", "offset": [171, 186]}, {"key": "the-foregoing", "type": "definition", "offset": [236, 249]}, {"key": "comply-with", "type": "clause", "offset": [279, 290]}, {"key": "treasury-regulation", "type": "definition", "offset": [322, 341]}, {"key": "relating-to", "type": "definition", "offset": [351, 362]}, {"key": "requirements-for", "type": "clause", "offset": [383, 399]}, {"key": "variable-annuity", "type": "definition", "offset": [400, 416]}, {"key": "insurance-contracts", "type": "definition", "offset": [437, 456]}, {"key": "modifications-to", "type": "clause", "offset": [485, 501]}, {"key": "article-vi", "type": "definition", "offset": [564, 574]}, {"key": "by-the-trust", "type": "clause", "offset": [575, 587]}, {"key": "reasonable-steps", "type": "definition", "offset": [606, 622]}, {"key": "notify-company", "type": "clause", "offset": [630, 644]}, {"key": "the-grace-period", "type": "clause", "offset": [737, 753]}], "size": 90, "samples": [{"hash": "jECQIgS7pzu", "uri": "/contracts/jECQIgS7pzu#diversification", "label": "Participation Agreement (Separate Account Va Y)", "score": 21.0, "published": true}, {"hash": "iwPz4I9Q2Gs", "uri": "/contracts/iwPz4I9Q2Gs#diversification", "label": "Participation Agreement (Separate Account Va Y)", "score": 21.0, "published": true}, {"hash": "i5wQ3qLeWrv", "uri": "/contracts/i5wQ3qLeWrv#diversification", "label": "Participation Agreement (Separate Account Va-5 of Transamerica Occidental Life Insura)", "score": 21.0, "published": true}], "snippet": "6.1. The Trust 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 Trust 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 Regulations. In the event of a breach of this Article VI by the Trust, it will take all reasonable steps (a) to notify Company of such breach and (b) to adequately diversify the Trust so as to achieve compliance within the grace period afforded by Regulation 1.817-5.", "hash": "d8e199194bc81ec9f85e66bde4c7f087", "id": 6}, {"snippet_links": [{"key": "the-fund-will", "type": "clause", "offset": [4, 17]}, {"key": "at-all-times", "type": "clause", "offset": [18, 30]}, {"key": "insurance-products", "type": "clause", "offset": [62, 80]}, {"key": "to-ensure", "type": "clause", "offset": [101, 110]}, {"key": "variable-contracts", "type": "definition", "offset": [167, 185]}, {"key": "the-regulations", "type": "clause", "offset": [205, 220]}, {"key": "the-foregoing", "type": "definition", "offset": [270, 283]}, {"key": "the-sponsor", "type": "clause", "offset": [298, 309]}, {"key": "diversification-requirements", "type": "clause", "offset": [378, 406]}, {"key": "treasury-regulation", "type": "definition", "offset": [441, 460]}, {"key": "relating-to", "type": "definition", "offset": [470, 481]}, {"key": "requirements-for", "type": "clause", "offset": [502, 518]}, {"key": "insurance-contracts", "type": "definition", "offset": [537, 556]}, {"key": "modifications-to", "type": "clause", "offset": [585, 601]}, {"key": "article-vi", "type": "definition", "offset": [730, 740]}, {"key": "by-the-fund", "type": "clause", "offset": [741, 752]}, {"key": "reasonable-steps", "type": "definition", "offset": [771, 787]}, {"key": "notify-company", "type": "clause", "offset": [795, 809]}, {"key": "the-grace-period", "type": "clause", "offset": [920, 936]}, {"key": "regulated-investment-company", "type": "definition", "offset": [1058, 1086]}, {"key": "subchapter-m-of-the-code", "type": "definition", "offset": [1093, 1117]}], "size": 77, "samples": [{"hash": "hnfAI2X4K19", "uri": "/contracts/hnfAI2X4K19#diversification", "label": "Participation Agreement (American Fidelity Separate Account B)", "score": 35.3230663929, "published": true}, {"hash": "4fxViVwniSE", "uri": "/contracts/4fxViVwniSE#diversification", "label": "Participation Agreement (American Fidelity Separate Account C)", "score": 35.3230663929, "published": true}, {"hash": "13sUJNIOIZ0", "uri": "/contracts/13sUJNIOIZ0#diversification", "label": "Participation Agreement (American Fidelity Separate Account A)", "score": 35.3230663929, "published": true}], "snippet": "6.1 The Fund will at all times invest money from the Variable Insurance Products in such a manner as to ensure that the Variable Insurance Products will be treated as variable contracts under the Code and the regulations issued thereunder. Without limiting the scope of the foregoing, the Fund and the Sponsor represent and warrant that each Portfolio of the Fund will meet the diversification requirements of Section 817(h) of the Code and Treasury Regulation 1.817-5, relating to the diversification requirements for endowment or life insurance contracts and any amendments or other modifications to such Section or Regulations, as if those requirements applied directly to each such Portfolio. 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, each Portfolio of the Fund so as to achieve compliance within the grace period afforded by Regulation 817-5.\n6.2 The Fund and the Sponsor represent that each Portfolio will elect to be qualified as a Regulated Investment Company under Subchapter M of the Code and they will maintain such qualification (under Subchapter M or any successor or similar provision).", "hash": "5ba92b6c82d475e27550d7cbd0c4c647", "id": 7}, {"snippet_links": [{"key": "the-trust", "type": "clause", "offset": [5, 14]}, {"key": "comply-with", "type": "clause", "offset": [20, 31]}, {"key": "the-code", "type": "clause", "offset": [50, 58]}, {"key": "treasury-regulation", "type": "definition", "offset": [63, 82]}, {"key": "relating-to", "type": "definition", "offset": [99, 110]}, {"key": "requirements-for", "type": "clause", "offset": [131, 147]}, {"key": "variable-annuity", "type": "definition", "offset": [148, 164]}, {"key": "insurance-contracts", "type": "definition", "offset": [204, 223]}, {"key": "modifications-to", "type": "clause", "offset": [252, 268]}, {"key": "at-all-times", "type": "clause", "offset": [296, 308]}], "size": 52, "samples": [{"hash": "kAoX4GoP0ah", "uri": "/contracts/kAoX4GoP0ah#diversification", "label": "Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account A)", "score": 35.3162231445, "published": true}, {"hash": "dJondgRXviL", "uri": "/contracts/dJondgRXviL#diversification", "label": "Participation Agreement (WRL Series Life Account)", "score": 25.3230667114, "published": true}, {"hash": "fcfaZ1E8CQT", "uri": "/contracts/fcfaZ1E8CQT#diversification", "label": "Participation Agreement (Tflic Series Life Account)", "score": 25.3093776703, "published": true}], "snippet": "6.1. The Trust will comply with Section 817(h) of the Code and Treasury Regulation Section 1.817-5 relating to the diversification requirements for variable annuity, endowment, modified endowment or life insurance contracts and any amendments or other modifications to that Section or Regulation at all times necessary to satisfy those requirements.", "hash": "4fddef860b7be55f4b114c9904eda549", "id": 9}, {"snippet_links": [{"key": "investment-portfolio", "type": "definition", "offset": [4, 24]}, {"key": "the-nature", "type": "clause", "offset": [91, 101]}, {"key": "amount-of-the-funds", "type": "clause", "offset": [116, 135]}], "size": 44, "samples": [{"hash": "P6RF92MBk5", "uri": "/contracts/P6RF92MBk5#diversification", "label": "School District Policies", "score": 33.1157989502, "published": true}, {"hash": "lL0h7LHjAjY", "uri": "/contracts/lL0h7LHjAjY#diversification", "label": "School District Policies", "score": 32.9853668213, "published": true}, {"hash": "kvHTpZbtcUB", "uri": "/contracts/kvHTpZbtcUB#diversification", "label": "School District Policies", "score": 32.7984886169, "published": true}], "snippet": "The investment portfolio is diversified as to materials and investments, as appropriate to the nature, purpose, and amount of the funds.", "hash": "727c6a08e7a32458fc5674402d864f30", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhkaXZlcnNpZmljYXRpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["form-of-agreement", "Form of Agreement"], ["amendment-and-restatement-form-of-agreement", "Amendment and Restatement; Form of Agreement"], ["fund-shares", "Fund Shares"], ["capital-contributions", "CAPITAL CONTRIBUTIONS"]], "size": 2446, "title": "Diversification", "children": [["", ""], ["indemnification-by-the-company", "Indemnification By The Company"], ["subject-to-sections-6", "Subject to Sections 6"], ["indemnification-by-the-fund", "Indemnification By The Fund"], ["effect-of-termination", "Effect of Termination"]], "id": "diversification", "related": [["diversification-and-related-limitations", "DIVERSIFICATION AND RELATED LIMITATIONS", "<strong>DIVERSIFICATION</strong> AND RELATED LIMITATIONS"], ["portfolio-valuation-and-diversification-etc", "Portfolio Valuation and Diversification Etc", "Portfolio Valuation and <strong>Diversification</strong> Etc"], ["philosophy", "Philosophy", "Philosophy"], ["employer-security", "EMPLOYER SECURITY", "EMPLOYER SECURITY"], ["investment-promotion", "Investment Promotion", "Investment Promotion"]], "related_snippets": [], "updated": "2026-05-02T06:01:41+00:00"}, "json": true, "cursor": ""}}