Common use of Diversification Clause in Contracts

Diversification. 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.

Appears in 25 contracts

Samples: Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)

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Diversification. 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 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.

Appears in 21 contracts

Samples: Agreement (Reliastar Select Life Variable Account), Agreement (GCG Trust), Participation Agreement (Ing Investors Trust)

Diversification. 6.1 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 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.

Appears in 10 contracts

Samples: Agreement (Reliastar Life Ins Co of New York Var Life Sep Acct I), Agreement (Variable Annuity Account I of Ing Insurance Co of America), Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)

Diversification. 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 1.817ss.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.

Appears in 6 contracts

Samples: Participation Agreement (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Participation Agreement (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Participation Agreement (Separate Account B of Golden American Life Insurance Co)

Diversification. 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.

Appears in 5 contracts

Samples: Participation Agreement (Ing Variable Insurance Trust), Form of Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Participation Agreement (Southland Separate Account L1)

Diversification. 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 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 ING VP so as to achieve compliance within the grace period afforded by Treasury Regulation 1.817-5.

Appears in 5 contracts

Samples: Participation Agreement (Reliastar Select Life Variable Account), Participation Agreement (Ing Vp Bond Portfolio), Agreement (Variable Annuity Account I of Ing Insurance Co of America)

Diversification. 6.1 6.1. The Trust will invest its assets to cause each Authorized Fund 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 regulation 1.817-5.

Appears in 4 contracts

Samples: Participation Agreement (Reliastar Select Life Variable Account), Participation Agreement (Reliastar Life Ins Co of New York Var Life Sep Acct I), Participation Agreement (Separate Account One of Northern Life Insurance Co)

Diversification. 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§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 1.817-51.817 -5.

Appears in 3 contracts

Samples: Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Variable Annuity Acct C of Ing Life Insurance & Annuity Co

Diversification. 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 [sec] 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.

Appears in 3 contracts

Samples: Participation Agreement (Separate Account N of Reliastar Life), Participation Agreement (Separate Account N of Reliastar Life), Separate Account N of Reliastar Life

Diversification. 6.1 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 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 ING VP so as to achieve compliance within the grace period afforded by Treasury Regulation 1.817-5.

Appears in 3 contracts

Samples: Agreement (Reliastar Life Ins Co of New York Var Life Sep Acct I), Participation Agreement (Separate Account N of Reliastar Life), Participation Agreement (Ing Vp Bond Portfolio)

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Diversification. 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 Sections 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.

Appears in 2 contracts

Samples: Participation Agreement (Variable Annuity Account I of Ing Insurance Co of America), GCG Trust

Diversification. 6.1 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 ING VP so as to achieve compliance within the grace period afforded by Treasury Regulation 1.817-5.

Appears in 2 contracts

Samples: Participation Agreement (Security Life Separate Account L1), Participation Agreement (Southland Separate Account L1)

Diversification. 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)(11.817 -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 1.817-51.817 -5.

Appears in 1 contract

Samples: Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)

Diversification. 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 Section 1.817-5(b)(15(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.

Appears in 1 contract

Samples: Participation Agreement (Ing Investors Trust)

Diversification. 6.1 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 sec 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.

Appears in 1 contract

Samples: Participation Agreement (Separate Account N of Reliastar Life)

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