VAA definition
Examples of VAA in a sentence
We shall have sole and complete ownership and control of all assets in VAA.
GENERAL ACCOUNT AND VAA The General Account consists of all our assets other than those we allocate to separate accounts.
If deemed by us to be in the best interest of all contract owners, VAA may be operated as a management company under the 1940 Act or it may be deregistered under the 1940 Act if such registration is no longer required.
On each policy anniversary we will determine a new VAA for the next policy year.
Deductions and redemptions from VAA may be made by redeeming a number of Fund Shares, at net asset value, equal in total value to the amount to be deducted or redeemed.
If there is a substitution of Portfolio Shares or change in operation of VAA, we will issue an endorsement for this contract and take such other action as may be necessary and appropriate to make the substitution or change.
Any taxes that pertain to this contract or VAA will be charged against the contract value when incurred or reserved for by us.
All amounts credited to VAA will be used to purchase shares at net asset value of open-end investment companies registered under the 1940 Act.
TRANSFERS FROM THE FIXED ACCUMULATION ACCOUNT TO VAA You may transfer account value amounts between the Fixed Accumulation Account and the Separate Account.
The available investment companies are referred to as "Portfolios" and shares of any are referred to as "Portfolio Shares." Any and all distributions made by a Portfolio, in respect to Portfolio Shares held by VAA, will be reinvested to purchase more Portfolio Shares in the same Subaccount at net asset value.