Labels:book | bulletin board | reckoner | sky OCR: A-112 {B} The term "guaranted benefit policy" means : an insurance policy or contract to the extent that such policy 10 contract provides For benefits the amount ot which 5 guarant teed by the insurer Such term includes any surplus ina separate ac- count but exeludes any other portion f account Section 3{17} af ERISA that the term separate account means at account tablished or maintained an insurance company under which income gains and losses whether or not realized from assets alloated to such account it accordance with the applicable contract credited to or charged against such acount without regard to other income gains nr lo5ses of the insurance company In the Department's view a separate account would not hold 'plan assets for sasornd of the fiduciary responsibility provi. sions of E ...
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