FIRST GREAT. WEST represents and warrants that each Account is a "segregated asset account" and that interests in each Account are offered exclusively through the purchase of or transfer into a "variable contract," within the meaning of such terms under Section 817 of the Code and the regulations thereunder to the extent required by law. FIRST GREAT-WEST will make every effort to continue to meet such definitional requirements, and it will notify SCHWAB immediately upon having a reasonable basis for believing that such requirements have ceased to be met or that they might not be met in the future.
Appears in 3 contracts
Sources: Distribution Agreement (First Great West Life & Annuity Insurance Co), Distribution Agreement (First Great West Life & Annuity Insurance Co), Distribution Agreement (Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co)