DAC TAX. A. The parties will make a joint election, in accordance with Treas. Reg. 1.848-2(g)(8), issued December 28, 1992, under ss. 848 of the Internal Revenue Code and the party with the net positive consideration under this Agreement will capitalize specified policy acquisition expenses with respect to this Agreement without regard to the general deductions limitations of ss. 848(c)(1) of the Code;
Appears in 14 contracts
Samples: Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account Five), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account Five), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One)
DAC TAX. A. The parties will make a joint election, in accordance with Treas. Reg. 1.848-2(g)(8), issued December 28, 1992, under ss. (S) 848 of the Internal Revenue Code and the party with the net positive consideration under this Agreement will capitalize specified policy acquisition expenses with respect to this Agreement without regard to the general deductions limitations of ss. (S) 848(c)(1) of the Code;
Appears in 7 contracts
Samples: Automatic Reinsurance Agreement (New England Variable Annuity Separate Account), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Variable Annuity Account One)
DAC TAX. A. The parties will make a joint election, in accordance with Treas. Reg. 1.848-2(g)(8), issued December 28, 1992, under ss. § 848 of the Internal Revenue Code and the party with the net positive consideration under this Agreement will capitalize specified policy acquisition expenses with respect to this Agreement without regard to the general deductions limitations of ss. § 848(c)(1) of the Code;
Appears in 3 contracts
Samples: Automatic Retrocession Agreement (Brighthouse Variable Annuity Account C), Automatic Retrocession Agreement (Brighthouse Variable Annuity Account C), Automatic Retrocession Agreement (Brighthouse Separate Account A)
DAC TAX. A. The parties will make a joint election, in accordance with Treas. Reg. 1.848-1.848- 2(g)(8), issued December 28, 1992, under ss. (S) 848 of the Internal Revenue Code and the party with the net positive consideration under this Agreement will capitalize specified policy acquisition expenses with respect to this Agreement without regard to the general deductions limitations of ss. (S) 848(c)(1) of the Code;
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Automatic Reinsurance Agreement (Metlife Investors Usa Separate Account A)
DAC TAX. A. The parties will make a joint election, in accordance with Treas. Reg. 1.848-2(g)(8), issued December 28, 1992, under ss. Section 848 of the Internal Revenue Code and the party with the net positive consideration under this Agreement will capitalize specified policy acquisition expenses with respect to this Agreement without regard to the general deductions limitations of ss. Section 848(c)(1) of the Code;
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities), Automatic Reinsurance Agreement (New England Variable Annuity Separate Account)
DAC TAX. A. The parties will make a joint election, in accordance with Treas. Reg. 1.848-1.848- 2(g)(8), issued December 28, 1992, under ss. Section 848 of the Internal Revenue Code and the party with the net positive consideration under this Agreement will capitalize specified policy acquisition expenses with respect to this Agreement without regard to the general deductions limitations of ss. Section 848(c)(1) of the Code;
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities)
