Labels:book | bulletin board | poster | reckoner | sky | tree OCR: A-111 ata rate fixed under the contract also indicate that, in re- cent years, many insurance companies have established separate accounts tc which funds deposited under such con racts are allocated In addition, yot indicate that insurance company may also allocate the premium received in connection with cer- tain nonparticipating Fixed annuity contracts to senarate AC. count According your letter, these contracts provide fixed annuity payments retirees for lite and the amount paid out under the contract is not affected the investment performance Of the separate account On September 15. 1981 the Dep artment issued Prohibited action Exemption 81.82 PTE 81 1-82) which grants relief frorm the prohibited transaction provisions +f section 406(a) and 407{a} of ERISA and sections 4975(c)(l)(A) th ...
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