MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. FAIP agrees that its Board of Directors will monitor the Funds for the existence of any material irreconcilable conflict between the interests of the Participants in all separate accounts of life insurance companies utilizing FAIP ("Participating Insurance Companies"), including each Account, and of participants in qualified retirement and pension plans investing in the Funds ("Participating Plans") and determine what action, if any, should be taken in response to such conflicts. A material irreconcilable conflict may arise for a variety of reasons, including:
Appears in 13 contracts
Samples: Participation Agreement (First American Insurance Portfolios Inc), Participation Agreement (Separate Account Va I), Participation Agreement (Great American Reserve Insurance Co)
