Labels:book | reckoner | sky | windowpane OCR: 21 asnets are not subject t the same clahorate regulation under state law A5 are General Account investments. and variable an nuities are not corsid lered ta he within the "business of insurance' under McCarran. Ferguson Vatiabic Annuity Life Ins Co, 359 U.S In contrast. General Account assets are the property of the insuret and support the insurer's guaranteex under all its General Account contracts well AL its obligations other creditors. McGill Grubbs, supra 492 Only fixed benefits like those payable under GAL 50 may be Pred from an instrer' General Account assets. insurer General Account assets and operations are subject to comprehensive state tegulation T accordance with McCarran- Ferguson The guaranteed benefit policy' provision quite teasonably recognizes that long insurer has guara ...
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