Labels:book | reckoner | sky OCR: insurer's General Aocount assets and policies that provide for variable annuity benefits supported by segregated asset. held in Separate Account. auL section explicitly states that assets Separate Account (apart from the insurer's OWT funds. ar ...sndms do not come within the definition of guaran teed benefit policy ptrp may therefore be plan asets subject to the fiduciary provisions. contrast. insurance company assets 1ou maintained in a Separate Account. .e. General Account assets not plan assets if the are held in connection with guaranteed benefit policy. The distinction drawn by Congress in section 40l(b}{2}{B} hetween Separate Account and General Account ascets Ieflects the fundamental differences between such accounts their different regulatory status under state law and Congress' s ...
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