Tax Laws. (a) FAIP and the Advisor represent and warrant (i) that each Fund is currently qualified as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) that they will maintain qualification of each Fund as a RIC. FAIP and the Advisor will notify Company immediately upon having a reasonable basis for believing that a Fund has ceased to so qualify or that it might not so qualify in the future.
Appears in 10 contracts
Samples: Participation Agreement (Sage Variable Annuity Account A), Participation Agreement (Conseco Variable Annuity Account C), Participation Agreement (Great American Reserve Insurance Co)
Tax Laws. (a) FAIP The Fund and the Advisor Adviser represent and warrant (i) that each Fund Portfolio is currently qualified as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) that they will maintain qualification of each Fund Portfolio as a RIC. FAIP The Fund and the Advisor Adviser will notify Company Insurer immediately upon having a reasonable basis for believing that a Fund Portfolio has ceased to so qualify or that it might not so qualify in the future.
Appears in 1 contract
Samples: Fund Participation Agreement (Hartford Life & Annuity Insurance Co Separate Account Seven)
Tax Laws. (ad) FAIP and the Advisor represent and warrant (i) that each Fund is currently qualified as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) that they will maintain qualification of each Fund as a RIC. FAIP and the Advisor will notify Company immediately upon having a reasonable basis for believing that a Fund has ceased to so qualify or that it might not so qualify in the future.
Appears in 1 contract
Samples: Participation Agreement (First American Insurance Portfolios Inc)
Tax Laws. (a) FAIP represents and the Advisor represent and warrant (i) warrants that each Fund is currently qualified as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) represents that they it will maintain qualification of each Fund as a RIC. FAIP and the Advisor will notify Company immediately upon having a reasonable basis for believing that a Fund has ceased to so qualify or that it might not so qualify in the future.
Appears in 1 contract
Samples: Participation Agreement (First American Insurance Portfolios Inc)
